Question: Three call options on a stock have the same expiration date and strike prices of 20.30,40. The market prices are $10, $6, and $3.5 respectively.
Three call options on a stock have the same expiration date and strike prices of 20.30,40. The market prices are $10, $6, and $3.5 respectively. You bought a butterfly spread. What is your maximum gain per share? Keep one decimal place.
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