Even though PNC was heading up near the time of our trade, we looked and didn’t like the banking sector and we found a credit spread that allowed us to use good risk management. We are now able to close this for profits!
PNC Financial (PNC): 118.75
TRADE ACTION: Close the PNC call credit spread for a credit of around 0.10 – 0.25
BTC the 19 MAY 135 call
STC the 19 MAY 140 call
Master Portfolio: 3 contracts