Playing bank convergence

  1. 1,741 Posts.
    CBA              $30.30   -0.38  -1.24%
    NAB              $33.82   -0.43  -1.26%

    There is a $3.52 gap between these 2.

    This has happened in the past and every time the 2 prices have converged. People will not continue to pay this much more for NAB when its CBA that has the big dividend coming.

    I have written puts on CBA and written calls on NAB.

    If you cant write options, try buying cba calls and nab puts. Its as low risk as you can get.



 
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