Plot and Graph

STRATEGY: EXAMPLE: Call Butterfly Buy 1 $45 Call @ 6 and Sell 2 $50 Calls @ 3 ea. and Buy 1 $55 Call @1 LONG CALL BUTTERFLY P/(L) Stock Price Long Call Short Calls Long Call at Expiration P/L) P/(L) P/L) Total P/(L) Stock Price 45 50 55 STRATEGY: EXAMPLE: Short Butterfly with Calls Sell 1 $45 Call @ 6 and Buy 2 S50 Calls @ 3 ea. and Sell 1 $55 Call @1 SHORT CALL BUTTERFLY Stock Price Short Call Long Calls at Expiration P/(L) PL) Short Call P/L) Total P/(L) Stock Price 45 55