Question: Using the options below, at what price range would the investor lead to a positive profit when BUTTERFLY SPREAD is created? call option with K

Using the options below, at what price range would the investor lead to a positive profit when BUTTERFLY SPREAD is created?

call option with K = $60, where its option price = $1.00

call option with K = $65, where its option price = $3.50

call option with K = $70,where itsoption price =$9.00

Which one of these options is the correct answer?

A. when stock price is below $60 or above $70

B. when stock price is between $60 and $70

C. when stock price is below $63 or above $67

D. when stock price is between $63 and $67

E. when stock price is below $55 and/or above $65

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