Question: A trader creates a long butterfly spread from options with strike prices 6 0 , 6 5 , and 7 0 by trading a total
A trader creates a long butterfly spread from options with strike prices and by trading a total of options. The options are worth and What is the maximum net loss after the cost of the options is taken into accountIn your answer, write the net loss as a positive number. Notice the word "loss" implies a negative number, so a negative loss would be a gain
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