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Butterfly spread payoffs can be created in the following way (European options, all same maturity) a. Buy 1 K=90 call, Sell 3 K=100 calls, Buy
Butterfly spread payoffs can be created in the following way (European options, all same maturity) a. Buy 1 K=90 call, Sell 3 K=100 calls, Buy 2 K=120 calls b. Buy 1 K=90 call, Sell 3 K=100 calls, B...
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