### Comment:
Hey thanks. Can you help me figure out what would be the max loss in that situation for a plain call vs the spread you described? Idk how to do it. Is the benefit of such a thread to lower max loss?

### REPLY:
Yea, you have a lower max loss in the butterfly, but unlike the debit call spread, if AVGO went above $220 at expiration, you would also hit your max loss as the $500 gained in the $210-215 calls would be lost in the $215-$220 calls. Because of this, you generally close the butterfly if you reach 25-50% profit.

### END.