Looks like its ASX - SGX | Raymond Chan | Finance News Network

Looks like its ASX - SGX

by Raymond Chan

The stock has fallen below $34 ($33.75) after the "no deal" announcement which is now "safer" to implement the bull put spread strategy for income.

For those who have not implemented the strategy, the strikes can be adjusted down one notch to selling of May $34 put and buying of May $33 put for about mid 30c income per combination.

For those who have implemented the initial strategy, no assignment is imminent at the moment. Stock may recover up to mid $34 by May.

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