$ASML 20260501 1650.0 CALL$ ASML spike After its last earning, however lost its momentum. While the initial surge looked promising, the price quickly retraced and spent the last week stuck in a tight range. I capitalized on an intraday pop to sell a naked call, betting that the stock wouldn't break past the strike price given the current headwinds. My thesis was supported by reports of TSMC expressing concerns over the high costs of High-NA EUV machines and potential order delays, alongside the ongoing pressure of US export restrictions on shipments to China. The stock remained capped just as I anticipated, allowing the option to expire worthless so I could pocket the full premium.
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