Question: If you construct a Long Put Butterfly Spread using $37, $35 and $33 strike prices of BHP shares that costs $1.78, $1.29 and $0.90 respectively,
If you construct a Long Put Butterfly Spread using $37, $35 and $33 strike prices of BHP shares that costs $1.78, $1.29 and $0.90 respectively, what is the profit (loss) from this strategy if BHPs share price at expiry of the options is $36? One option contract is for 1000 shares. Group of answer choices Profit of $1900 Loss of $1900 Profit of $900 Loss of $900
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