A trader creates a long butterfly spread from call options with strike prices $50, $55, and $60. The options are worth $13, $10, and $8, respectively. The trader will make a loss from this long butterfly spread position when the stock price at maturity is Question 7Select one: a. Less than $51 or greater than $59 b. The trader will always make a loss from this strategy as the option premiums paid is greater than any potential gains c. Greater than $59 d. Greater than $51 but less than $59 e. Less than $51