I bought an ASML call last Friday, but I think I was a bit too eager to jump into the trade and ended up paying a premium for it. Because of that high entry price, I needed a massive upward move in the share price just to hit my break-even point and close it out profitably. Fortunately, ASML absolutely ripped the charts today, touching fresh 52-week highs following Intel’s 18A-P risk production announcement, which gave me the perfect exit window to secure a small profit. For now, I am going to sit on my hands, stay on the sidelines, and wait out the major market events scheduled for these next few days to see exactly where the broader trend is heading before I commit to any new positions.
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- glimmero·13:42Nice save lol, paying up on ASML calls gets punishing fast. I’d be waiting too after a 52-week high rip — are you watching the premium cool off first?1Report