A condor spread is created by simultaneously buying a call at a K1, selling a call at

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A condor spread is created by simultaneously buying a call at a K1, selling a call at K2, selling a call at K3, and buying a call at K4. All of the calls are on the same stock, have the same expiration date, and K1 < K2 < K3 < K4. Also note that K2 – K1 = K3 – K2 = K4 – K3. Calls with strike prices of $65, $70, $75, and $80 are available for $11.20, $8.30, $4.44, and $2.35, respectively. Draw a graph showing the payoff and profit for a condor spread using these options.

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