OPTION TRADE OF THE DAY!
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