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ASML

ASML Holding N.V. - New York ReClose $1841.18EOD only
Max Pain
$1775.00
Next expiry Jun 26, 2026
Expected Move
±$47.05
2.6% from close
Price Gap
-66.18
Distance to max pain
IV Rank
16
Low premium
P/C OI
1.30
Slightly put-heavy
Consensus
6.0/10
Bullish tilt
Published snapshot: Jun 25, 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
Jun 25, 2026 close
ASML Theta Report
Analysis based on market close June 26, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Theta Verdict

Attractiveness6 / 10
Sizing: Conservative
Primary: None
Invalidation: Break below $1700
Confidence:
4 / 10
base 5; -1 GEX/flow contradict; +0.5 spot 1.1% from MP; +0.5 VIX 18

IV Environment

IV Regime
High
IV vs VIX
IV 66.8% vs VIX 18.4% — high
Favorable?
Yes

Term structure: Steep backwardation 0DTE; normal contango weeklies

📊0DTE skew extreme: put IV 166.75%, call IV 110.61%
⚠️Negative GEX ($-2.1M) amplifies price moves

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Trending ($-2.1M)

Gamma flip: ~$1700.00 — Approx — based on put OI concentration of 4,382 (5.3% below spot)

OI concentrations: Put OI at $1775 (max pain), call wall $1900-$2100

Verdict: Elevated pin risk near $1775 due to high OI and expiration

Premium Opportunities

#1
Put credit spread
Sell 2026-07-24 $1670.00/$1540.00 put spread
Bearish play that profits from time decay and downside protection.
Credit: $31.14-$38.06
Max loss: $91.94
BE: $1631.94
Mgmt: Exit at 50% max gain or if ASML breaks $1775. Liquidity warning: Liquidity constraints: short_put: Open interest below 25.; long_put: Open interest below 25.
#2
Iron condor
Sell 2026-07-17 $1680.00/$1560.00 put wing and $1960.00/$2120.00 call wing
Neutral play profiting from IV contraction and pin action.
Credit: $53.19-$65.01
Max loss: $94.99
BE: 1614.99 / 2025.01
Mgmt: Close early on pin move or theta decay. Liquidity warning: Liquidity constraints: short_put: Volume below 5.; short_call: Volume below 5.; long_call: Volume below 5.
#3
Short strangle
Sell 2026-07-17 $1680.00 put + sell $1960.00 call
Directional-neutral premium collection with undefined tail risk.
Credit: $93.83-$114.68
Max loss: Unlimited
BE: 1565.32 / 2074.68
Mgmt: Set stop loss at 2x credit received. Liquidity warning: Liquidity constraints: short_call: Volume below 5.; short_put: Volume below 5.

Risk Alerts

!0DTE expiration with extreme IV skew
!Negative dealer gamma increases volatility
!Put-call OI ratio 1.33 indicates put dominance
How to Use These Reports
This theta reflects the market close on June 26, 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.