High-rolling investors have positioned themselves bearish on ASML Holding ASML, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in ASML often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 11 options trades for ASML Holding. This is not a typical pattern.
The sentiment among these major traders is split, with 45% bullish and 54% bearish. Among all the options we identified, there was one put, amounting to $26,180, and 10 calls, totaling $588,091.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $640.0 and $690.0 for ASML Holding, spanning the last three months.
Volume & Open Interest Trends
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for ASML Holding's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of ASML Holding's whale activity within a strike price range from $640.0 to $690.0 in the last 30 days.
ASML Holding Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ASML | CALL | SWEEP | BULLISH | 04/19/24 | $690.00 | $74.4K | 16 | 32 |
| ASML | CALL | SWEEP | BULLISH | 04/19/24 | $690.00 | $70.0K | 16 | 49 |
| ASML | CALL | SWEEP | NEUTRAL | 04/19/24 | $690.00 | $68.4K | 16 | 0 |
| ASML | CALL | SWEEP | BEARISH | 04/19/24 | $690.00 | $65.4K | 16 | 88 |
| ASML | CALL | SWEEP | BULLISH | 04/19/24 | $690.00 | $65.1K | 16 | 16 |
About ASML Holding
Founded in 1984 and based in the Netherlands, ASML is the market share leader in photolithography systems used in the manufacturing of semiconductors. Photolithography is the process in which a light source is used to expose circuit patterns from a photomask onto a semiconductor wafer. The latest technological advances in this segment allow chipmakers to continually increase the number of transistors on the same area of silicon, with lithography historically representing a meaningful portion of the cost of making cutting-edge chips. Chipmakers require next-generation EUV lithography tools to continue past the 5-nanometer process node, which only ASML can provide. ASML's products are used at every major semiconductor manufacturer, including Intel, Samsung, and TSMC.
ASML Holding's Current Market Status
- Currently trading with a volume of 41,024, the ASML's price is down by -1.52%, now at $651.22.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 72 days.
Expert Opinions on ASML Holding
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $726.0.
- Consistent in their evaluation, an analyst from JP Morgan keeps a Overweight rating on ASML Holding with a target price of $726.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest ASML Holding options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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