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18. You are considering a butterfly spread for ZEUS (Olympic Steel) currently trading for $17.67 per share ask. You study the quotes below. What long

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18. You are considering a butterfly spread for ZEUS (Olympic Steel) currently trading for $17.67 per share ask. You study the quotes below. What long or short, call or put butterfly spread would provide the highest MAXIMUM payoff, regardless of probability Call-Bid Call-Ask Strike Put-Bid Put-Ask .75 20.00 2.30 2.60 17.50 .65 .90 .10 .05 7.00 .25 .75 22.50 4.60 5.10

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