OPENING (IRA): SLV NOVEMBER 20TH 18 SHORT PUT... for a .46/contract credit.
Notes: 30-day at 52% with expiry-specific implied at 55.4%. Adding to my SLV (See Post Below) to establish a precious metals position in my IRA that is more scalable than GLD. I'd ordinarily ladder out here, but there's no December monthly.
Break even: 17.54.