Near-term straddle argument for $SOXL

Long-term outlook for semiconductors are always bullish, however, near/short-term we've seen a lot of volatility from ETF's like SOXL.

Recommending a near-term straddle. I like the spread on something like the May 20th call @ $23, and May 20th put @ $23.50.

Given that beta is ~3.7 and market sentiment continues to remain mixed, I think this is a great way to take advantage of the volatility.