This is the June 2020 Monthly Recap of the Trade Spotlight: Options advisory segment.
Silver Bull Call Spread (4/29/20)
Long the December 2020 Silver 18.00 / 19.00 call spread from 18.0 points. Spread is theoretically 44.1 points. Marked-to-market gain of $1,305. HOLD.
The Silver futures price was consolidating within a large Pennant Formation in March and April. Went long the market with a call spread anticipating a breakout of the apex of the formation to the upside. In May and June the market traded sideways, but technicals and fundamentals remain bullish. The market is approaching the target price of 19.000. The option expiration date is not until November 24, 2020.