Looking At ASML Holding's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on ASML Holding (NASDAQ:ASML) as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 43% bullish and 56% bearish. Whales have been targeting a price range from $600.0 to $780.0 for ASML Holding over the last 3 months. Wells Fargo maintains an Overweight rating on ASML Holding with a price target of $800.
July 24, 2023 | 3:30 pm
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NEGATIVE IMPACT
Unusual options activity indicates a bearish stance on ASML Holding. The sentiment of big-money traders is more bearish than bullish. Wells Fargo maintains an Overweight rating with a price target of $800.
The unusual options activity, with a bearish sentiment, indicates that there might be a negative impact on ASML's stock price in the short term. This is further supported by the fact that the sentiment of big-money traders is more bearish than bullish. However, Wells Fargo's Overweight rating and a price target of $800 suggest a positive long-term outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100