$SLV Short Straddle Opportunity
Right now one of the few places to find high IV across the market is in precious metals - gold, silver, and their corresponding miners. I'm still currently short IV and technically Delta short in 
GDXJ, but I think IV will join the market overall and will fall in this sector over the coming weeks. The AUG-23 14 Short Straddle on 
SLV has breakevens above recent highs and below recent lows, making it an attractive neutral trade.
GDXJ, but I think IV will join the market overall and will fall in this sector over the coming weeks. The AUG-23 14 Short Straddle on SLV has breakevens above recent highs and below recent lows, making it an attractive neutral trade.
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