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Quantchabot has detected a promising Bull Call Spread trade opportunity for ASML HOLDING (ASML) for the 15-Oct-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
ASML was recently trading at $867.44 and has an implied volatility of 30.52% for this period. Based on an analysis of the options available for ASML expiring on 15-Oct-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $867.50-$950.09 at expiration. In this scenario, the average linear return for the trade would be 60.94%.
52 week high: ASML HOLDING recently reached a new 52-week high at $869.75. ASML had traded in the range $351.09-$868.88 over the past year.
Trade approach: Reaching a new 52-week high is a bullish indicator, so this trade is designed to be profitable if ASML maintains its current direction and does not revert back to pricing on the bearish side of $867.44 on 15-Oct-2021. If possible, the trade has been padded such that slight movement against the trade would still return a profit.
Upside potential: Using this bullish strategy, the trade would be profitable if ASML HOLDING closes at or above $864.10 on 15-Oct-2021. Based on our risk-neutral analysis, there is a 51.72% likelihood of this return.
Downside risk: As with any options trade, there is a substantial downside risk where you may lose most or all of your investment.
To analyze this trade in depth, please visit the Quantcha Options Search Engine.