The futures markets present the most efficient means of precious metals exposure. While gold and silver are volatile markets they are generally untethered to other assets in the long run making them potential candidates for portfolio diversification. In this video, we discuss relatively current option strategies as well as the use of mini and micro futures to obtain metals exposure. Those looking to outright hedge their stock portfolio could consider selling futures to mitigate or eliminate price risk while maintaining dividend income. Another strategy is a risk reversal in which call options are sold to finance the purchase of protective put options using the E-mini S&P 500 options on futures.