Investors with a lot of money to spend have taken a bullish stance on ASML Holding ASML.
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with ASML, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 8 options trades for ASML Holding.
This isn't normal.
The overall sentiment of these big-money traders is split between 50% bullish and 50%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $44,160, and 7, calls, for a total amount of $361,492.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $640.0 to $800.0 for ASML Holding during the past quarter.
Insights into Volume & Open Interest
In terms of liquidity and interest, the mean open interest for ASML Holding options trades today is 227.43 with a total volume of 53.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for ASML Holding's big money trades within a strike price range of $640.0 to $800.0 over the last 30 days.
ASML Holding Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ASML | CALL | TRADE | NEUTRAL | 01/05/24 | $640.00 | $133.9K | 24 | 20 |
| ASML | CALL | SWEEP | BULLISH | 06/21/24 | $720.00 | $58.7K | 134 | 9 |
| ASML | PUT | TRADE | BULLISH | 09/20/24 | $700.00 | $44.1K | 14 | 8 |
| ASML | CALL | TRADE | BEARISH | 01/19/24 | $690.00 | $40.0K | 165 | 0 |
| ASML | CALL | TRADE | BEARISH | 01/19/24 | $700.00 | $34.0K | 603 | 20 |
About ASML Holding
ASML is the 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 photo mask 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 high portion of the cost of making cutting-edge chips. ASML outsources the manufacturing of most of its parts, acting like an assembler. ASML's main clients are TSMC, Samsung, and Intel.
After a thorough review of the options trading surrounding ASML Holding, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Present Market Standing of ASML Holding
- Trading volume stands at 44,262, with ASML's price up by 0.65%, positioned at $714.85.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 43 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 $878.0.
- Consistent in their evaluation, an analyst from JP Morgan keeps a Overweight rating on ASML Holding with a target price of $878.
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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