Buying OEX Calls

OEX Index is at or above 605 at expiration

Say the OEX index did not move as anticipated, but instead increased with the exercise settlement value at or above $595 put strike price at expiration. The OEX 595 put would expire out-of-the-money and with no value, so the investor would lose the total premium of $1,100 initially paid for the option. This would be the limited, maximum loss no matter how high index OEX had risen.