Silver is gonna be a really good bet for a options straddle....close as you can afford to current price...march options should do well...I will do a trade soon and give report on it as maybe the Jan. options are not going to work out so well....LOLOL!!! Hope I get a little volatily soon as I could roll over the direction of the breakout....
On the other hand, If it stays quiet the volatility will drop and I would not really lose that much on the future trade, because If it stays quiet the next few days, I can then buy both options even cheaper anyways....so in the long run it should balance out...
Btw.... the longer it takes for a correction to take place the less inclined I am to be bearish....I did keep a long pos. out-of-the-money 'just in case'...
I think right now if a correction does not start to take place by Jan. 5th.....then we are just going higher and higher for a while....