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Commodity options can be much bigger products than equity options and settle to different futures months not stock. Watch me set up a classic strangle in a high IVR commodity, oil!

Interested in a 4% 52 day "Return on risk" on 500$ in defined risk?

Classic Tom Sosnoff type strangle with high IVR and liquid tight markets 

How do you trade a high-priced stock approaching 500$ per share and have only 1,900$ in risk with a chance to make 1,600$ and have a +80% probability of profit? With BWB option strategy of course! 

Low IVR (2%) and no volatility differential between DEC and JAN sets up nicely for directional diagonal! Now if we can only get the direction correct, we will be golden.