(News Bulletin 247) – This article, with open access, is produced by the stock market analysis and strategy research team at News Bulletin 247. To ensure you don’t miss any opportunities, consult all the analyzes and discover our portfolios by accessing our Privileges area.
ADP will today constitute the underlying of our advice on the derivative product intended for the most active investors.
The tool selected is the Put 9A14S warrant issued by SOCIETE GENERALE, with an exercise price of €110 and a short maturity of 12/15/2023. The leverage is close to 7.
KEY GRAPHIC ELEMENTS
The underlying of the put warrant offered this Friday as portfolio hedging has been trapped since June 19 in a thin, steeply descending channel, a technical corridor that we have represented in black on the graph below. In the absence of any technical sign, a continuation of the decline within this channel is the preferred option, especially since the selling camp has gained credit since the September 6 gap.
In this context, the most active investors will bet on this bearish scenario by positioning themselves on the Put warrant, issued by SOCIETE GENERALE and ticker code 9A14S, on ADP, at €0,400.
They will take their profits when the underlying reaches €93,410 or limit their losses by selling the warrant in the event of crossing €113,100.
News Bulletin 247 advice
DAILY DATA CHART
I have over 8 years of experience working in the news industry. I have worked as a reporter, editor, and now managing editor at 247 News Agency. I am responsible for the day-to-day operations of the news website and overseeing all of the content that is published. I also write a column for the website, covering mostly market news.