if a trader creates a long butterfly spread from options with strike prices $60, $65, and $70 by trading a total of 400-share options. and the options are worth $11, $14, and $18, respectively. Which of the following is accurate about this position?

a. It involves buying a put with a strike price of $60 and also buying another put with a strike price of $70.

b. The maximum loss on this position is $200.

c. It involves selling two call options with a strike price of $65.

d. If at expiration the stock price was $68, the profit would be $200.

e. The maximum gain on this position by the expiration date is $300.