Question: If a trader creates a Put Butterfly Spread using 3800, 3600 and 3400 strike prices of ASX200 index, which costs 370, 280 and 210 respectively,

If a trader creates a Put Butterfly Spread using 3800, 3600 and 3400 strike prices of ASX200 index, which costs 370, 280 and 210 respectively, what would be the max gain from this strategy. The value of one index point is $25.

Group of answer choices

A. Gain of $4500

B. Gain of $200

C. Gain of $4800

D. Gain of $18

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