Westpac is one of the 4 pillars banks. It is paying a good dividend. The management has some issues so it's now a laggard. I think this drop is an opportunity. The put option at strike 24 for Westpac is now at 3.95% for 5 weeks! What's a steal in my opinion. So, I have sold a put option at strike 24 to get 3.95% premium. If it drops further, I will gladly buy the shares (and sell more put options).
Ann: Westpac announces $3.5 billion off-market share buy-back, page-50
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Last
$31.74 |
Change
0.180(0.57%) |
Mkt cap ! $109.2B | |||
| Open | High | Low | Value | Volume |
| $31.50 | $31.92 | $31.43 | $181.6M | 5.723M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 13566 | $31.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $31.75 | 160 | 1 |
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| Last trade - 16.10pm 16/10/2024 (20 minute delay) ? |
| WBC (ASX) Chart |