These are interesting times for Silver Wheaton, for sure. The stock played toe-sies on Friday with a very important trendline that I’d said was in play. My hunch is that it will hammer the support for a bit more this week but eventually come out on top. To remove the forecast from the realm of speculation, however, it will take a thrust to at least 42.90 to turn the daily chart bullish again. That’s a tall order, but it hardly strains logic to assume the stock’s best days lie ahead, not behind. We shall see, but whatever the case, we’ll continue to hold four Sep 42 calls for 1.32 and four Sep 50 calls for 0.26.  Our goal is to complete the butterfly spread by shorting eight Sep 46 calls for 0.79 or more, giving us a risk-free play on a bullish rest-of-the-summer.