You initiated a Butterfly spread with QQQ June, 2022 calls. You sold two $360 calls at $17.7
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Question:
You initiated a Butterfly spread with QQQ June, 2022 calls. You sold two $360 calls at $17.7 and bought one call with strike of $345 for $27.5 and one call with strike of $375 for $9.15. What is your maximum gain and loss? If you close out your positions at $366, what is your profit/loss?
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