Question: A trader creates a long butterfly spread from options with strike prices $60,$65, and $70 by trading a total of 400 options. The options ar

A trader creates a long butterfly spread from options with strike prices $60,$65, and $70 by trading a total of 400 options. The options ar worth $11,$14, and $18. What is the maximum net gain (after the cost of the options is taken into account)? $400 $100 $300 $200

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