Adding to the trade we saw yesterday, the Call Condor, Call Fly and the Risk Reversal are also worth a look.
If you’re bullish on the market something like the Call Condors are worth checking, trading near 5 year lows.
Bearish, then Risk Reversals are paying decent credit (Puts over)
Not at its most extreme, but pays out 6.7 times it’s premium versus it’s historic average of 5 on a move to 97.875.
