I opened a 6-month long call on ASML, aiming to ride the uptrend fueled by strong sentiment across the chip sector. Since buying 100 shares would tie up too much capital, a long call option provides a more efficient way to capture upside with just a fraction of the cost.
Shortly after entry, ASML gapped up but then pulled back with two consecutive red candles, signaling the rally may be stalling. With a solid profit just 7 days into the contract, I decided to lock it in rather than risk giving it back.
I’ll be watching for renewed momentum and will look to re-enter once the trend becomes clearer.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
- JackQuant·10-03Good!LikeReport