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ASML

ASML Holding N.V. - New York ReClose $1592.00EOD only
Max Pain
$1495.00
Next expiry May 22, 2026
Expected Move
±$34.95
2.2% from close
Price Gap
-97.00
Distance to max pain
IV Rank
32
Middle-high premium
P/C OI
1.31
Slightly put-heavy
Consensus
4.0/10
Bearish tilt
Published snapshot: May 21, 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 21, 2026 close
ASML Flow Report
Analysis based on market close May 22, 2026
DirectionalTheta GangFlowEarningsConsensus

Historical consensus-supported lens with full content, report chain context, and metric rail.

Flow Verdict

BiasBullish
Confirmation: Net premium remains positive and OTM call volume surges sustain spot above max pain.
Invalidation: Spot drops below 1600 with put/call volume ratio exceeding 1.5.
Confidence:
8 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 5.3% from MP; +1 VIX 17

Watch next session: Weekly options expiration; Post-expiry open interest shifts

Flow Summary

Net premium: +$94.8M bullish

P/C volume ratio: 1.29

P/C OI ratio: 1.32

Net premium $94.8M positive driven by heavy OTM call buying. Put/call volume ratio 1.29 but premium dominated by calls. Positive GEX supports pinning above MP. Confidence high (8/10).

Notable Prints

#1
ASML 2026-05-22 $1660.00 Call
Vol: 674
OI: 136
Vol/OI: 5.0x
IV: 14.0%
Notional: ~$674
Intent: Speculative
Dual read: Hedge

Read-through: Bullish

#2
ASML 2026-05-22 $1650.00 Call
Vol: 1,127
OI: 251
Vol/OI: 4.5x
IV: 9.4%
Notional: ~$6K
Intent: Speculative
Dual read: Hedge

Read-through: Bullish

#3
ASML 2026-05-22 $1600.00 Put
Vol: 461
OI: 108
Vol/OI: 4.3x
IV: 16.8%
Notional: ~$5K
Intent: Speculative
Dual read: Hedge

Read-through: Bearish

#4
ASML 2026-05-22 $1670.00 Call
Vol: 466
OI: 188
Vol/OI: 2.5x
IV: 23.9%
Notional: ~$1K
Intent: Speculative
Dual read: Hedge

Read-through: Bullish

#5
ASML 2026-05-22 $1655.00 Call
Vol: 470
OI: 237
Vol/OI: 2.0x
IV: 13.9%
Notional: ~$8K
Intent: Speculative
Dual read: Hedge

Read-through: Bullish

Institutional Positioning

Call additions: Weekly calls 1640-1670 (vol 674,1127,735) and 2020 next week.

Put additions: Put 1600 (vol 461) and put OI at 1400.

GEX/DEX consistency: GEX +13.7M, DEX +5.2M align, bullish pinning.

OI clusters: Call OI at 1640-1660; put OI cluster at 1400.

Hedging evidence: Put/call OI 1.32 and put addition signal hedging.

Max pain context: Spot 5.3% above MP; gamma may pull lower.

Signal vs Noise

~Weekly call buying signal (unusual vol).
~1600 put addition signal (hedging).
~High put/call OI ratio noise (existing hedges).

Key Conclusions

🔼Institutions add weekly calls 1640-1670, bullish near-term.
🛡️Put at 1600 and high put OI indicate hedging, not bearish.
📌Positive GEX/DEX imply pinning; spot stays near current.
How to Use These Reports
This flow reflects the market close on May 22, 2026.
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.