thetaOwl

ASML

ASML Holding N.V. - New York ReClose $1550.13EOD only
Max Pain
$1482.50
Next expiry May 22, 2026
Expected Move
±$59.25
3.8% from close
Price Gap
-67.63
Distance to max pain
IV Rank
26
Middle-high premium
P/C OI
1.33
Slightly put-heavy
Consensus
4.0/10
Bearish tilt
Published snapshot: May 20, 2026 close
End-of-day snapshot

This page reflects ASML options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.

Published Snapshot
May 20, 2026 close
Consensus-ledMay 20, 2026 close4.0/10 conviction

AI Consensus

Bias
Bearish
Neutral to slightly bullish
Best Fit
Defined risk

Buy $1300/$1240 put spread 4/17 — defined risk, profits from downside to $1150, expires…

Key Levels
1483 / 1550 / 1609
Magnet / spot / breakout
Main Risk
Event sensitivity

Break above $1340 flips max pain and neutralizes GEX pressure — upside invalidates bearish thesis and could tri…

One-line synthesis

Bearish tilt

Highest-conviction setup

Buy $1300/$1240 put spread 4/17 — defined risk, profits from downside to $1150, expires pre-earnings

Main disagreement

Flow shows net premium positive $36

Persona support grid

Theta

Premium-selling posture

4.0/10
Contribution

Sell put calendar spreads targeting the IV term structure anomaly (sell 11 DTE, buy 18/25 DTE) around key put OI strikes

Full Report

Premium-selling structure and adjustments

Open report

Top setup: put calendar spread: Sell $1200 put exp 2026-04-17 (11 DTE) / Buy $1200 put exp 2026-04-24 (18 DTE)

How to Use These Reports
This hub collects the active report lenses so you can compare how each persona reads the same market-close snapshot.
What the reports do

Each report translates the same market-close options snapshot into a specific lens such as directional bias, premium-selling posture, flow quality, or earnings setup.

How traders use them

Reports are most useful for narrowing the playbook, surfacing entry and risk context, and deciding which raw data page to inspect next.

What to remember

These are interpretation layers, not execution guarantees. Validate the setup against chain liquidity, expected move, and exposure before sizing risk.

If the report conviction and the raw data disagree, slow down and resolve the mismatch before sizing risk.