We are buying CTX.ASX at market today. Look for a rally into the $34 range and either take profit or sell at the money calls to enhance the income from the estimated $0.50 September dividend.
Consider a stop loss on a trade below $29.00
Author: Leon Hinde
Leon has been working in the financial services industry for 18 years in management and advisory roles. Leon has extensive experience in general advice and dealings involving securities and derivative financial products.
PS 146 Securities & Derivatives, ADA 1 & 2 accreditation, Responsible Manager Certificate. Leon is authorised to provide financial product advice and deal with respect to the following financial products:
· Deposit Products
· Interest in managed investment schemes; and
· Government debentures, bonds and stocks