Hello,
Although, most the News Trading Plan had Crop report Strangles listed, when I was about to demo trade, I noticed that the binaries were way way overpriced relative to the usual movement on the grains for reports. In the event that the binaries are expensive, around crop report time would it make sense to do a butterfly instead? Same question for energy reports. If a Straddle or Strangle is listed as the trade to utilize, but it does not make sense in terms of premium, could a butterfly be used instead?
Thanks