Volkswagen's share price has dropped a lot and is now around €87.8. This level is considered very low and may trigger a technical bounce.
If the bounce happens, the price could climb back toward €98. That would be a strong move for the stock.
Because of this technical picture, buying a turbo CALL (a leveraged option) on Volkswagen looks appealing right now. The turbo CALL from Société Générale (ticker 2A24S) costs €0.42.
This product could give about a 43% profit if the price reaches the target. The built‑in stop‑loss is set near €84, which limits the possible loss to roughly 25%.
We will keep watching the turbo and will update our recommendation if market conditions change.
Tags:
Technical Analysis