Look at the chart for LEI.
Trades between $35 and $31
Goes ex dividend on 14th March ? pays about 75c
Recommended trade is Bull put
Sold - $33.51
Bought - $33.01
Credit 43 cents on a 50c spread ? 86% return
The strikes are European so cannot be exercised before expiry.
The trading trend of this stocks says we are close enough to support
Finally ? the floods in QLD are guaranteed to provide more projects for this stock.
PS. If you don't understand the above ring your stockbroker.
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recommended option trade for lei
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