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

A trader creates a long call butterfly spread from options with strike prices $60, $65, and $70 by trading a total of 400 options. The options are worth $11, $14, and $18. What is the maximum net gain (after the cost of the options is taken into account)? $300 $400 None of the given answers. $200

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