$ASML 20260821 1540.0 CALL$ I decided to close out my ASML long call today after what was originally intended to be a quick day trade. I opened the position yesterday, but the share price retreated shortly after entry, forcing me to hold through the session. Although the stock opened slightly higher today, the price action felt relatively flat and lacked conviction early on, so I opted to secure a profit rather than risking a reversal. Naturally, the price trended higher later in the afternoon, but I’m satisfied with the disciplined exit and the fact that I turned a retreating position into a successful, profitable trade.
This exit ensures I’m not overstaying my welcome in a trade that didn't immediately go my way, especially with the premium decay that can kick in on these shorter-term plays. While the gains were more modest due to the midday exit, the trade served its purpose by capturing a bounce and protecting the principal. I'll continue to watch the price action for a better technical setup before jumping back into another call position on the next leg up.
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