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A compelling bullish opportunity I see in the market right now involves U.S. Silica Holdings Inc (NYSE:SLCA). It’s a bit of a contrarian play at the moment, which is just when I like to get in there with a naked put write. Here’s what I recommend:

Sell to open the SLCA June 16th $32 put at about $0.30.

Silica is used in oil operations for extracting crude from the ground. So, it’s been hit hard because oil has been…but it shouldn’t be. When you look at the big picture, that’s the way we get oil these days, and it’s the most efficient way to do it. I felt it was time to make a bullish play on an unwarranted, overdone decline. And with SLCA at about $35, there’s a fair amount of room between the current level and our strike price.

So, if we can write a $32 put while sentiment ebbs — and put premiums creep higher — we’ll be in good shape. Nab this upfront option premium now, and as long as SLCA shares remain above $32 through expiration on June 16, we’ll ultimately walk away with full profits.

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Ken Trester is editor of the popular Maximum Options program. Trester has been trading options since the first exchanges opened in 1973 with a winning streak that goes back to 1984 with money-doubling average annual profits since 1990. Try Maximum Options risk-free now and save 75%!