NAB Closed today 4 May at 36.580 down .66 (1.77%)
This is within the range that the Fund has targeted to write PUT options on NAB. The fund will now closely monitor NAB over the coming days and weeks looking for the best entry price. If this is a break of the upward trend caused by a some what unexpected rise in interest rates then NAB could head even lower below 36. The fund believes the share price of the main four banks could all head lower in coming years as the wonderful economic conditions they have enojoyed can't last forever.
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