Coles Group is under Algo Engine buy conditions and the recent pullback to $15.00 provides an attractive entry-level.
Coles reported March quarter sales with total supermarket sales growth up a record 14%. With the stock trading on a forward dividend yield of 3.5%, we expect the share price to remain well supported.
Buy Coles and consider selling a covered call option to enhance the income return.
For more details on the option strategy, please call our office on 1300 614 002.