Buy SLV by Sep 18, 2027.

A covered short straddle is when you hold 100 shares of stock and you sell an ATM covered call, along with an ATM cash secured put, of the same strike and expiration. This is not to be confused with short straddles, which have unlimited risk to the upside. The "covered" part takes care of that risk. Making this a far safer alternative. To state the obvious, this trade is ideal for someone that is comfortable with capped upside and welcomes …