Turbo Put Sale on Russell 2000
Analysis:
The Russell 2000 index is testing a support level at 2,480 points. It may drop below this level before the market closes in Europe. Because the European market will be closed, we suggest taking part of the profit before the weekend.
If the price keeps falling, there is no clear support until it reaches about 2,303 points.
Product choice – Vontobel:
The infinite Turbo Best Put on the Russell 2000 (code CL59V, ISIN DE000VJ3YA09) can be sold for €2.25. This gives an immediate profit of about 39 %. You can keep part of the position to follow the market move.
We will watch the trade and give updates when we think it is time to sell again. The targets and stop‑loss levels are only guidelines and can change with market conditions.
Legal notice:
Future performance figures are only forecasts and do not guarantee actual results.
Key Levels
| Support 1 | 2,480 |
|---|---|
| Support 2 | 2,303 |
| Resistance 1 | 2,591.33 |
| Resistance 2 | 2,735 |
| Target | 2,303 |
| Stop‑Loss | 2,591 |
| Short‑Term Outlook | Negative |
| Long‑Term Outlook | Neutral |