I want to add to my precious metals exposure. I have plenty of gold exposure already so it’s time to add more silver. Finding quality exposure to equities is more difficult for silver compared to gold. There are few solid silver stocks on the market. So I am going to express my opinion by selling an option on a futures contract which has the extra benefit of taking advantage of silver’s elevated volatility component.
Sold /SI Aug 18.65P for a 0.859 credit.