Multiple Choice
A trader creates a long butterfly spread from options with strike prices $60,$65,and $70 by trading a total of 400 options.The options are worth $11,$14,and $18.What is the maximum net loss (after the cost of the options is taken into account) ?
A) $100
B) $200
C) $300
D) $400
Correct Answer:

Verified
Correct Answer:
Verified
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