Butterfly spread 187with puts: long 1 put, E=E1; short 2 puts, E=E2 and long 1 put, E=E3, where E3>E2=0.5(E1+E3)>E1
Profit/loss diagram
Derivative securities: Options - Some profit/loss diagrams
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Butterfly spread 187with puts: long 1 put, E=E1; short 2 puts, E=E2 and long 1 put, E=E3, where E3>E2=0.5(E1+E3)>E1
Profit/loss diagram
Derivative securities: Options - Some profit/loss diagrams