Keep or even buy Air Liquide turbo calls

As part of our section dedicated to derivatives, we take stock, this Tuesday, of turbo calls without code expiry 9K79S backed by Air Liquide shares and currently losing around 35%.

We advised you on May 30 to take part of its profits on the product, then earning almost 60%. The price is currently penalized by fears of recession, which are weighing on all gas production players with the prospect of a probable slowdown in demand.

But Air Liquide resists: since its creation in 1988, the Cac 40 ended the year down twelve times, by 15% on average, against an average increase of 0.8% for the title of the company. The knock-out barrier of 106.01 euros is still 12% away from the current level of the action. We therefore recommend keeping these products, or even buying them to try to bet on a subsequent rebound on the stock market.

Quotation range: 1.86 – 1.87 euros.