Keep Cac 40 put warrants

Recommended for purchase on July 4, put warrants code SK14C, expiring on December 16backed by the Cac 40, are winners of around 4%.

The flagship index lost 1.4% on Thursday and is trying to rebound today. But it remains a loser over the week after stronger inflation than expected in the United States and second quarter results below expectations, in particular for two major American banks.

Pending new quarterly copies from companies, knowing that the results publication season will begin next week in France, uncertainty remains high and could pull the Cac 40 down. We therefore advise to keep the products. Their exercise price is 6,200 points, for a leverage of -6.8 times.