I am taking the view that ASML is undervalue. Hence, I have decided to open this bull put spread with the short strike $700. In the daily chart, for ASML to drop to $700, it has to go through almost all the typical MA such as 20, 50, 100, 150, 200. I think it is a rare event if this happens.
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Credit Open | -2.95 1 | -- Holding |
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