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Our Paired Trade On PFG-LNC Is Converging And Showing Profit

|Includes:LNC, Principal Financial Group, Inc. (PFG)

This is an update on the paired trade made one day back on April 6, 2013. It was based on prices based on market close of April 5, 2013

Sell short 200 shares of PFG (PRINCIPAL FINANCIAL GROUP)
Buy 257 shares of LNC (LINCOLN NATIONAL CORP)

The trade is now showing profit after 1 day, and as the picture below attests, this paired trade is converging very well in one day.

picture showing long-short trade spread converging

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Stocks: PFG, LNC