Stop-loss turbos are the most suitable products for medium-term investment strategies, rising or falling. These are the most predictable products of all because, at any moment, their delta is 100%: in other words, a variation of 1 euro in the underlying security causes a variation of 1 euro for the turbo (parity adjusted). Since they are in no way exposed to a time value decrease as options are, and since they include an integrated stop-loss, they are particularly suitable for investors who are used to the DSS (Deferred Settlement Service) or who are looking for moderate leverage that they can easily master. In return, the elasticity of a Turbo Up decreases as the price of the underlying security increases: so, it is appropriate to "roll the position" to a new Turbo Up in order to give a further boost to the investment.Stop-loss turbos are the most suitable products for medium-term investment strategies, rising or falling. These are the most predictable products of all because, at any moment, their delta is 100%: in other words, a variation of 1 euro in the underlying security causes a variation of 1 euro for the turbo (parity adjusted). Since they are in no way exposed to a time value decrease as options are, and since they include an integrated stop-loss, they are particularly suitable for investors who are used to the DSS (Deferred Settlement Service) or who are looking for moderate leverage that they can easily master. In return, the elasticity of a Turbo Up decreases as the price of the underlying security increases: so, it is appropriate to "roll the position" to a new Turbo Up in order to give a further boost to the investment.

Classic-options are also suitable for investment strategies over a few months, rising or falling. There are three main differences between them and stop-loss turbos. 1) Their delta is not constant: the investor tries to benefit from the acceleration by buying an option which is situated slightly out-of-the-money (exercise price slightly higher than the price of the underlying security, in the case of a Call). 2) They benefit from rises in the ?implicit volatility? (a measure of the uncertainty in markets) and suffer from falls. 3) Their price includes a «time value" which tends towards zero as maturity approaches: it is therefore advisable to resell them before this.

For more speculative options, traders will refer to click-options. Click-options, which are generally issued with maturity dates less than six weeks away, accentuate the characteristics of the Classic-options with very high acceleration near limits. They make it possible to profit from minor variations in the underlying security and even the absence of variation with «te;deactivating»te; limit click-options: StayHi, Tunnel, Target. These options take advantage of falls in implicit volatility, and their time value increases as maturity approaches. At the same time, click-options are particularly coherent because their price, which relates to a fixed payment of 100€, condenses all of the information that is useful for the trader: the amount to invest, the probability of the scenario and the potential gain.

Finally, day traders attempting to speculate on «futures» with amplified leverage will choose day turbos. These are used for speculating on variations of a few dozen points, completely transparently and with excellent liquidity conditions. Day turbos are also easier to manage than a futures account because they do not involve margin calls and the maximum loss is capped at the original amount.