What the Options Market Tells Us About ASML Holding
Portfolio Pulse from Benzinga Insights
Investors with significant capital have taken a predominantly bearish stance on ASML Holding (NASDAQ:ASML), as indicated by recent options trades. Benzinga's options scanner detected 120 unusual options trades, with 58% being bearish. The total value of put options is $4,193,458, while call options total $2,786,475. The price range of interest is between $195.0 and $1160.0. ASML's stock is currently up 4.81% at $938.41, with a neutral RSI. Analysts have set an average price target of $1251.0.
July 22, 2024 | 8:01 pm
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Investors with significant capital have taken a predominantly bearish stance on ASML Holding, as indicated by recent options trades. The total value of put options is $4,193,458, while call options total $2,786,475. The price range of interest is between $195.0 and $1160.0. ASML's stock is currently up 4.81% at $938.41, with a neutral RSI. Analysts have set an average price target of $1251.0.
The detection of 120 unusual options trades, with a majority being bearish, suggests that significant investors expect a decline in ASML's stock price. The substantial value of put options ($4,193,458) compared to call options ($2,786,475) further supports this bearish sentiment. Despite the current stock price increase and neutral RSI, the overall sentiment from options traders indicates potential downward pressure on the stock.
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IMPORTANCE 80
RELEVANCE 100