Australia and New Zealand Banking Group is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.
We see support at $26 and a push higher towards $28.50, will provide an opportunity to sell covered call options to enhance the income return.
ANZ goes ex-div, $0.80 on the 14th of May. An August $29.50 call option will add a further $0.50 per share of income.
For more detail on the call option strategy, please call our office on 1300 614 002.