Put your super in cash. Collect 6%.
Sell out of the money index puts outside super and collect the premium. (Choose your own time frame and how aggresive you want to be with the level of the put)
If the stock market tanks you effectively get to buy in at the level of the put. If it doesn't you can deposit the after tax premium to your super (or buy a new plasma).
6% + the possibility of being forced to buy in lower than the market is today + some premium. Thats a good deal.
Those of you with even a basic knowledge of options would know that an uncovered sold put gets longer as the market goes down and not so long as the market goes up. (ie. buys low sells high).
The risk is that the market goes straight up and you miss out and your only getting 15-20%. Given the risks around at the moment it'll do me.
Put your super in cash. Collect 6%.Sell out of the money index...
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Last
$65.22 |
Change
0.070(0.11%) |
Mkt cap ! $12.64B | |||
| Open | High | Low | Value | Volume |
| $65.48 | $65.75 | $65.15 | $21.79M | 333.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 29 | $65.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $65.23 | 2373 | 2 |
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| Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
| ASX (ASX) Chart |