$ASML 20260417 1680.0 CALL$ I sold a naked call on ASML a week ago, just before the earnings report, as the implied volatility was super elevated and the share price seemed to be running ahead of itself. Experience has shown that a pre-earnings run-up is usually a tell-tale sign that a "sell the news" event is about to follow, so I placed my strike slightly above the all-time high to give myself a decent buffer.
The price action played out exactly like a textbook setup, with the shares sliding over 4% on earnings day despite a top-line beat. Investors seemed more focused on the light guidance for the next quarter and the ongoing export control uncertainties rather than the long-term AI tailwinds. With the share price unable to reclaim its previous momentum or surpass the all-time high, this short call expired worthless, allowing me to keep the full, juicy premium. Trade Feed: Who is your favorite trader?
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