GPT – Buy write delivers 10% return

GPT Group is currently in our ASX 50 model portfolio and with price action bouncing off the $4.60 support level, we recommend investors look at a buy-write strategy.

GPT goes ex-div $0.123 on the 29th June.

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GPT

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
· Securities
· Derivatives
· Interest in managed investment schemes; and
· Government debentures, bonds and stocks