Sanofi turbo calls still relevant

After a strong rebound of more than 45% over the last five sessions, the Sanofi code turbo calls 68HTCback to their February 25 buy levels.

High market volatility, linked to the war in Ukraine, led to a drop in Sanofi shares. Given the defensive nature of the case, the loss was nevertheless limited to 6% between February 25 and March 4.

The action has since resumed colors and even shows an increase over the past month, even symbolic, of the order of 1%. The activity of the pharmaceutical group is sustainable and its exposure to Russia is low.

We continue to recommend the product, with unlimited maturity. The leverage is close to 9 and the knock-out barrier is more than 15% of the stock’s current level.

Quotation range: 1.75 – 1.76 euros