7 Home Run Options Trades
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Before you make a single high-yield investment, you must read this.
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Home Run Trade #3: PNC Financial Services (PNC) Calls
By Chris Johnson and Jon Lewis
The Pittsburgh Pirates may not be putting much on the field these days, but Pittsburgh-based PNC Financial Services (PNC) has jockeyed itself into a lead position in the financial recovery.
Since hitting its lows in March, at just below $20, PNC is up about 150% at its current price around $50. We think that the stock will continue to lead the financials higher as its strong balance sheet and diversified revenue fuel a considerable rally.
We're eyeing the $70 level as a target over the next six months, so look at buying call options on PNC.
Don't gamble away your profits. Learn when to exit an options trade.
