A stock price is currently $23. A reverse butterfly spread (ie. options are sold with strike prices of K and K3, and two options with the middle strike price K are purchased) is created from call options with strike prices of $20, $25, and $30. Which of the following is TRUE? Select one alternative: O The gain when the stock price is greater than $30 is greater than the gain when the stock price is less than $20. O The gain when the stock price is greater than $30 is the same as the gain when the stock price is less than $20. O It is incorrect to assume that there is always a gain when the stock price is greater than $30 or less than $20. O The gain when the stock price is greater than $30 is less than the gain when the stock price is less than $20.

A stock price is currently $23. A reverse butterlly spread (e. options are sold with strike prices of K1 and K3, and two options with the middle strike price K2 are purchased) is created from call options with strike prices of $20,$25, and $30. Which of the following is TRUE? Select one alternative: The gain when the stock price is greater than $30 is greater than the gain when the stock price is less than $20. The gain when the stock price is greater than $30 is the same as the gain when the stock price is less than $20. It is incorrect to assume that there is always a gain when the stock price is greater than $30 or less than $20. The gain when the stock price is greater than $30 is less than the gain when the stock price is less than $20