Buy Turbo Put on CAC 40 at €4.47
What is happening? The French CAC 40 index fell a lot in March. In the last few days it has started to climb a little. Traders hope that talks between the United States and Iran will help the market.
The last big drop on March 19 has not been recovered yet. This morning the index opened higher, but the rise was quickly stopped when the US market opened. Positive news is not strong enough to change the overall downward trend.
Analysts think the CAC 40 could slip to around 7,505 points, and may even fall to 7,218 points if the trend continues. If the price jumps above 8,067 points, the downtrend would be broken.
Why the Turbo Put fits the picture
Vontobel offers an Infinite Turbo Put on the CAC 40, ticker CL59V (ISIN DE000VJ7FM12). It has no expiry date, so it can stay open as long as you need.
The de‑activation barrier is set at 8,267.2 points and moves a little each day. The current leverage is about 17 times.
You can buy this product for €4.47. The target price for the index is 7,218 points. If the index reaches 8,067 points, the trade will be cancelled (invalidation point).
Key Numbers
| Support 1 | 7,505 |
|---|---|
| Support 2 | 7,218 |
| Resistance 1 | 8,067 |
| Resistance 2 | 8,210 |
| Target | 7,218 |
| Invalidation | 8,067 |
| Short‑term outlook | Negative |
| Long‑term outlook | Neutral |
Legal note
The numbers shown are forecasts, not guarantees. They can change as market conditions evolve. The analysis will be updated if a new sell recommendation becomes necessary.