Our ALGO engine triggered a buy signal for Sydney Airport into yesterday’s ASX close at $7.05.
The “higher low” chart formation is referenced to the $6.90 intra-day low posted on May 17th.
You're not a member! Trial today
SYD has now been added to our ASX Top 50 Model portfolio.
As a medium-term strategy for investors, we are looking to buy SYD shares at current levels and sell the $7.25 Calls into March.
The option is current priced at 30 cents and SYD will go ex-dividend for 18 cents in late December. As such, this Buy/Write strategy would add 48 cents of value into client portfolios.
Sydney Airport
