PNC Analysis

The PNC Financial Services Group Inc. (PNC)

PNC publishes earnings on Friday before the opening bell.

I shall use options that trade for the last time eight days hence, on July 21.

Implied volatility stands at 23%, which is 2.3 times the VIX, a measure of the volatility of the S&P 500 index.

PNC’s IV stands in the 46th percentile of its annual range and the 40th percentile of its most recent broad movement.

The price used for analysis was $127.58.

At this point, I can break off the analysis and go straight to a decision.

Decision for My Account

Implied volatility has declined to the point where it no longer meets my guidelines. Moreover, at-the-money is positioned so that it is impossible to construct a balanced iron fly position. I’m passing on this trade.

By Tim Bovee, Portland, Oregon, July 13, 2017


Tim Bovee, Private Trader tracks the analysis and trades of a private trader for his own accounts. Nothing in this blog constitutes a recommendation to buy or sell stocks, options or any other financial instrument. The only purpose of this blog is to provide education and entertainment.

No trader is ever 100 percent successful in his or her trades. Trading in the stock and option markets is risky and uncertain. Each trader must make trading decisions for his or her own account, and take responsibility for the consequences.

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