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The following 1-month European put and call options are available on Ameson Ltd. Amesons current share price is $680. Strike ($) Call ($) Put ($)

The following 1-month European put and call options are available on Ameson Ltd. Amesons current share price is $680.

Strike ($)

Call ($)

Put ($)

670

33.40

21.72

680

28.22

26.52

690

23.62

31.90

At the expiration of the options, Amesons share price turns out to be $705. What is the profit/loss of a long butterfly strategy (you do not need to account for the time value of money)?

A. $0.58 loss

B. $0.58 profit

C. None of the other answers is correct.

D. $1.01 profit

E. $1.01 loss

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