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You are following a Butterfly strategy using three call options with strikes 118, 127 and 136, which have call premiums of 20, 17, and 13,
You are following a Butterfly strategy using three call options with strikes 118, 127 and 136, which have call premiums of 20, 17, and 13, respectively. If the stock price is 134 today, what is the total profit of your portfolio. Keep in mind that each call option contract controls 100 shares.
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