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Banks – Fully Valued

Looking at the recent run up in ANZ, NAB & WBC, it would appear that the stocks are fully valued at these levels.

Either taking profits or selling at-the-money call options to enhance the income, (whilst staying exposed to the May dividend), is a reasonably prudent approach at this time.

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Chart – ANZ

 
 

Chart – NAB 

Chart – WBC

 

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