ANZ 0.28% $25.49 australia and new zealand banking group limited

anz option strategy??

  1. 560 Posts.
    Been playing around with ASX option calc just toying with a few ideas just wanted some feedback from other option traders what they think of this.

    Buy 10 ANZ 18.50 may calls ~ 0.63
    Sell 10 ANZ 19.00 may calls ~ 0.31

    Buy 10 ANZ 18.50 may puts ~ 0.32

    ~$6300 outlay

    No initial Margin

    If market turns north close puts minimise loss.
    If market turns south close long calls
    Dividends are covered as well. If you decide to hold strategy till ex div and you get exercised exercise your long calls for divvie plus difference of spread for profit

    I haven't sat too long nutting this one out so i apologise if this is a little confusing. But i thought i would offer other hotcopperians a chance to give this a little thought and appraisal.

    Thanks..
 
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