BHP – Algo Buy Signal

BHP Group is now under Algo Engine buy conditions following the retracement from $40 in April, back to $36 in today’s session.

Iron Ore prices remain elevated at US$93 per tone and the energy complex  looks well supported from global demand and geopolitical issues with Iran.

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Investors seeking income should consider adding a BHP Sept call option and stripping out the dividend, plus the call option premium.

BHP goes ex-div $0.89 on the 6th of September.

To learn more about the derivative overlay on BHP, please call our office on 1300 614 002.

 

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