GOLD is down for silly reasons, they merged ABX and GOLD and ABX's extraction cost was $750 (about) and GOLD's was $850 (about) and now the average cost of extraction is $800 but people are acting like ABX's cost of extraction went up and something is wrong.  A sad commentary on our education system.

As a new trade, I'd go with:

• Sell 20 GOLD 2021 $15 puts for $3.40 ($6,800)
• Buy 50 GOLD 2021 $10 calls for $4 ($20,000)
• Sell 50 GOLD 2021 $15 calls for $1.80 ($8,000) 

That's net $5,200 on the $20,000 spread so $14,800 (284%) upside potential and we'll move to something like that in our own portfolios. 

For the Butterfly Portfolio, we're going to add:

• Sell 5 WHR 2021 $100 puts for $8.40 ($4,200) 
• Buy 10 WHR 2021 $120 calls at $29.75 ($29,750)
• Sell 10 WHR 2021 $150 calls at $16.00 ($16,000) 
• Sell 5 WHR June $145 calls for $5.75 ($2,875) 
• Sell 5 WHR June $125 puts for $4.70 ($2,350) 

The initial cash outlay is just $4,325 and the puts require about $5,000 in margin but we have 700 days and we've only used 128 so figure 4 more $5,000 sales is $20,000 and our $30,000 spread is $18,000 in the money to start so lots of upside potential from this one!