Skip Strike Butterfly With Calls

In the above example: Buy 1 Call strike 95 Sell 2 Calls strike 100 Buy 1 Call strike 110 The position may be established for a net debit or a net credit, and both the potential profit and maximum risk are limited. Strike prices are equidistant, and all options have the same expiration month. Risk is limited to the net debit paid: after the trade is paid for, no additional margin is...