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If you enter into a long butterfly strategy that is trading at 10p (GBP 0.10) on Shell using the GBP 8.00, GBP 8.50 and GBP

If you enter into a long butterfly strategy that is trading at 10p (GBP 0.10) on Shell using the GBP 8.00, GBP 8.50 and GBP 9.00 strikes you maximise a profit on expiry at:

A. GBP 8.50

B. GBP 8.00

C. GBP 9.00

D. Anywhere below GBP 7.90 or above GBP 9.10

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