RY and CM April 21

Just a few days ago a spread trade was recommended selling 1.2 x at about $41 and buying at $51. The trade is essentially self financing so it can be done in a margin account, one side offsetting the other. Today RY is a little above $41 and at $53 plus for a net gain of, again roughly $2 which equates to about 4%. It may get much better than this but for anyone a little nervous on a directionally neutral position take your profit tomorrow and run.