$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.


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