Question: A trader creates a long butterfly spread from options with strike prices $ 6 0 , $ 6 5 , and $ 7 0 by

A trader creates a long butterfly spread from options with strike prices $60,$65, and $70 by trading a totat of 200 options. The options are worth $11,$14, and $18. What is the maximum loss (after the cost of the options is taken into account)?
(b) $50
B. $100
C. $200
D. $300
A trader creates a long butterfly spread from

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