S32 – Buy & add a covered call option

Our Algo Engine triggered a buy signal in S32 recently at $3.60. With the stock creating a new “higher low” formation, it has now been added into the  ASX Top 50 model.

S32 goes ex-dividend for 8 cents on the 14th September.   Adding a November $3.80 call option will generate an additional 20 cents of income per share.

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South 32

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