Butterfly Spread

This involves the buying and selling of options with three different strike prices.
Buying a call option with a strike of 60.
Writing two calls stuck at 100
Buying a call option with a strike of 110

This is the kind of position you might enter into if you believe that the asset is not going anywhere either up or down
Because it has no large upside potential (in this case maximum payoff is 10) the position will be relatively cheap