The S&P 500 is showing a short‑term bullish shape, trading above the key support level of 6,688.5 points. Yet the psychological barrier at 7,000 points may trigger profit‑taking after the recent rally.
Traders eyeing a corrective move can consider positioning for a pull‑back toward the 6,700‑point zone. One way to capture that potential decline is by buying the Vontobel SQ07V put warrant, currently priced at €1.46.
Targeting the 6,700 level on the underlying index could deliver roughly a 45 % upside on this derivative. The warrant’s theoretical knockout is set near 7,050 points, limiting the maximum loss to about 25 % of the investment.
We continuously monitor the products we recommend and will issue an updated note when market conditions shift. All thresholds and targets are provided for informational purposes and may be adjusted as the market evolves.
