The Option Trade of the Day November 23

OPTION TRADE OF THE DAY!
November 23

Crude Oil has been extremely volatile over the last 30 days.  Now as we head into an OPEC meeting where their intended goal is to cut production to support prices, however how it ends up still remains to be seen, however we are leaning towards them agreeing to the cuts.

Recommendation Crude Call Butterflies

Buy the February Crude Oil 5000 Calls

Sell Two February Crude Oil 5200 Calls

Buy the February Crude Oil 5400 Calls

Cost and Risk $250 per spread plus commission and fees

Profit Potential the trade would be profitable anywhere above 50.25 and below 53.75 with 52.00 showing the greatest return of $2,000 before commission considerations

Expiration January 17th