Look at the chart for LEI. Trades between $35 and $31 Goes ex dividend on 14th March ? pays about 75c Recommended trade is Bull put Sold - $33.51 Bought - $33.01 Credit 43 cents on a 50c spread ? 86% return The strikes are European so cannot be exercised before expiry. The trading trend of this stocks says we are close enough to support Finally ? the floods in QLD are guaranteed to provide more projects for this stock.
PS. If you don't understand the above ring your stockbroker.
LEI Price at posting:
$30.37 Sentiment: None Disclosure: Held