Scentre is under Algo Engine buy conditions and a name we’ve recently drawn our readers attention to, as a buy write.
The share price has since rallied from $3.80 to $4.08. We still see scope for gains from a buy write strategy, which captures the upcoming dividend .
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SCG goes ex div $0.11 on the 14th of August.
Low global bond yields and the announced share buy back by SCG, will help underpin downside risks.
