hard · FRM Part 1
A trader creates an iron condor by selling a 90 put, buying an85 put, selling a 110 call, and buying a115 call. The premiums received are 2.00 and2.50 respectively; the premiums paid are 1.20 and1.30 respectively.
What is the maximum loss for this strategy?
- 3.00
- 2.50
- 2.00
- 5.00
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