AustraliaDaily Briefs

Daily Brief Australia: S&P/ASX 200 and more

In today’s briefing:

  • EQD | S&P/ASX200: Ideas to Profit From a Directionless Market


EQD | S&P/ASX200: Ideas to Profit From a Directionless Market

By Nico Rosti

  • The S&P/ASX 200 INDEX has been stuck in the 7000-7400 range for the past 16 weeks.
  • If the index continues to be trendless for some more weeks, it’s possible to profit from repeatedly writing Covered Calls against ASX 200 index holdings.
  • Strike target areas for Covered Calls begin in the 7319-7409 (July 20 expiry). Deeper OTM Strikes are safe,  but the premiums are smaller.

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