2025/10/24

BBVA Equity Derivatives: Close out: Sanofi: Long Dec25 85/90 Call spreads – Back at attractive levels

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We close out our position in Sanofi: Long Dec25 85/90 Call spreads - Back at attractive levels

  •  Spot 11% above entry and at price target
  • Spot at resistance level with an overbought RSI 70
  • Delta on bought calls leg now at 72% vs 37% on opening
  • We lock in a 2.5x return on net premium employed

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