A Trader Creates a Long Butterfly Spread from Options with Strike

question 19

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 gain (after the cost of the options is taken into account) ?

• A) $100
• B) $200
• C) $300
• D) $400

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Definitions:

Aneuploidies

Chromosomal abnormalities where the number of chromosomes in a cell is not an exact multiple of the haploid set, leading to genetic disorders or variations.

Chromosome

A structure of nucleic acids and protein found in the nucleus of most living cells, carrying genetic information in the form of genes.

Maternal PKU

A concern in pregnancies of women with phenylketonuria (PKU), where elevated levels of phenylalanine can lead to developmental issues in the fetus.

Homozygous Recessive

A genetic condition where an individual inherits two identical recessive alleles for a particular trait, often resulting in the expression of that trait.