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Questions 13 to 16 are based on the following scenario: The table below shows the option book for the European options tradable for the share of ABC PLC expiring on 17th September 2021. On 1st September 2021, an investor intends to develop an option trading strategy. The share price of ABC PLC on 1st September 2021 is 150p per share. Calls Puts Strike 145 150 155 Bid 6.4 3.2 1.4 Ask 6.8 3.4 1.7 Last 6.6 3.3 1.5 Strike 145 150 155 Bid 1.3 3.1 5.9 Ask 1.5 3.3 6.2 Last 1.4 3.2 6.1 Question 14: Identify the maximal downside per share of an optimal butterfly strategy a) -2.1p b)-1.5p c) -1.0p d) -0.6p e) Unlimited Questions 13 to 16 are based on the following scenario: The table below shows the option book for the European options tradable for the share of ABC PLC expiring on 17th September 2021. On 1st September 2021, an investor intends to develop an option trading strategy. The share price of ABC PLC on 1st September 2021 is 150p per share. Calls Puts Strike 145 150 155 Bid 6.4 3.2 1.4 Ask 6.8 3.4 1.7 Last 6.6 3.3 1.5 Strike 145 150 155 Bid 1.3 3.1 5.9 Ask 1.5 3.3 6.2 Last 1.4 3.2 6.1 Question 14: Identify the maximal downside per share of an optimal butterfly strategy a) -2.1p b)-1.5p c) -1.0p d) -0.6p e) Unlimited