Smart Money Is Betting Big In ASML Options
Portfolio Pulse from Benzinga Insights
Smart money investors have shown a predominantly bearish stance on ASML Holding (NASDAQ:ASML), with significant activity in options trading. Analysis of 12 trades reveals a heavy inclination towards bearish expectations, with 91% of trades being bearish. The trading volume and open interest suggest a targeted price range between $700.0 and $1080.0 for ASML over the last 3 months. Notable options activity includes both calls and puts with varying sentiments and strike prices. ASML, a leader in photolithography systems for semiconductor manufacturing, is currently experiencing a slight decrease in stock price, with an earnings announcement expected in 40 days.
March 08, 2024 | 2:45 pm
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Smart money's bearish stance and significant options trading activity indicate a potential short-term price fluctuation for ASML Holding. The company's leadership in photolithography and its role in semiconductor manufacturing, coupled with an upcoming earnings announcement, could influence stock performance.
The bearish sentiment among smart money investors, highlighted by the options trading activity, suggests a negative outlook on ASML's stock price in the short term. The focus on bearish trades, along with the specific price range targeted by these trades, indicates a potential decrease in stock price. Additionally, the upcoming earnings announcement adds uncertainty and could further influence stock performance, depending on the results.
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