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PNC at 195
I’m looking for a consolidation with a slow drift towards 200 level
I’m going to BUY a 190/200 call spread and SELL a 200/210 call spread, making this a 190/200/210 Call Butterfly
Max risk in this trade is the debit paid, max reward is the distance between the strikes or 10 points ($1000 per 1 lot, minus debit paid)
Risk: $2.30
Reward: $7.70
POP: 30%
Chart:
Risk Profile:
Order Ticket:
PNC at 193.73
I’m going to take 20% winner in 8 days
Closing trade:
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