I want the answer in words please.

Consider three put options on the same underlying stock that have the same expiration date and have strike prices of $55, $60 and $65. Currently, they are selling in the market for $3, $5 and $8, respectively. Explain how an investor can build a butterfly spread. Construct a table showing the profit from the strategy. For what range of stock prices would the butterfly spread lead to a loss? Explain your reasoning and your calculations in detail. 3:03 pm