4. A stock price is currently $23. A call butterfly spread is created from options with strike prices of $20, $25, and $30. Which of the following is true?

A. The loss when the stock price is greater than $30 is less than the gain when the stock price is less than $20 B. The loss when the stock price is greater than $30 is the same as the loss when the stock price is less than $20 C. The loss when the stock price is greater than $30 is greater than the loss when the stock price is less than $20 D. It is incorrect to assume that there is always a loss when the stock price is greater than $30 or less than $20