BHP Group is now under Algo Engine buy conditions following the retracement from $40 in April, back to $36 in today’s session.
Iron Ore prices remain elevated at US$93 per tone and the energy complex looks well supported from global demand and geopolitical issues with Iran.
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Investors seeking income should consider adding a BHP Sept call option and stripping out the dividend, plus the call option premium.
BHP goes ex-div $0.89 on the 6th of September.
To learn more about the derivative overlay on BHP, please call our office on 1300 614 002.
