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A trader creates a long butterfly spread from options with strike prices $60, $65 and $70 by trading a total 4 options. The options are

A trader creates a long butterfly spread from options with strike prices $60, $65 and $70 by trading a total 4 options. The options are worth $11, $14 and $18. What is the lowest possible profit on the position (remember to subtract the cost of the option portfolio)?

$-1

$-2

$-3

$4

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