Closing out our Unequal Pair Trade of PNC vs. KBE:
PNC sold 2% @ $104.27 for $1.11 (1.08%) gain.
KBE covered 5% @ $28.86 for $0.08 (0.28%) gain.
It's not a huge gain, but making money on both sides of a pair trade is awesome! Especially in a week!
We'll cover the trade ahead of the long weekend to reduce our net short exposure - per the plan laid out in today's Daily Note.
It remains a good trade to put back on in the future.
PNC sold 2% @ $104.27 for $1.11 (1.08%) gain.
KBE covered 5% @ $28.86 for $0.08 (0.28%) gain.
It's not a huge gain, but making money on both sides of a pair trade is awesome! Especially in a week!
We'll cover the trade ahead of the long weekend to reduce our net short exposure - per the plan laid out in today's Daily Note.
It remains a good trade to put back on in the future.
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