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Options trader bets that silver can lead the resource trade higher into 2021

“Taking a look at [silver ETF] SLV, you see calls outpacing puts [by a ratio of] 3 to 1, after being as imbalanced as 4 to 1 in earlier parts of the trading session. Taking a look at implied volatility, options are implying about a 17% move in either direction between now and March expiry,” Bonawyn Eison, managing director of equity derivatives at XP Investments, said Monday on CNBC’s “Fast Money.”

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