Long Call Butterfly Spread

So here is our setup with CEs –

• Buy 1 Call option (below short strike) ~ Buy 9750 CE at 139.35
• Sell 2 Call options ~ Sell 9850 CE at 66.5
• Buy 1 Call option (above short strike) ~ Buy 9950 CE at 21

Debit Paid = 139.35 + 21 – 66.5 -66.5 = 27.35

Upper Breakeven:
Higher Long Option Strike – Debit Paid = 9950 – 27.35 = 9922.65

Lower Breakeven:
Lower Long Option Strike + Debit Paid = 9750 + 27.35 = 9777.35

Max Profit
= The distance between the short strike and long strike – Debit Paid
= 9850 – 9750- 27.35
= 72.65