ASMLASML Holding NV
Options Analysis Report
Market Cap $609.6B|NASDAQ
● 2026-05-15$1584.51
NEUTRAL
Analysis: 2026-05-14 EOD data
1Y +108.9%YTD +36.2%7D -0.5%
Options Vol
17,624
30D
Implied Move
±15.1%
IV Rank
86%
ASML Options Overview
Mixed signals. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
5.2
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks5/9 checks passed
IV Rank
≤35%IV Rank 66.5% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.14x — IV premium over HV
Sector Relative≤50%
Sector percentile 30% — below sector median
Term Structure
<1.1xFront/Back 1.16x — backwardation
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 54.3% — normal range
Spread-Adjusted Value
<80%Effective IV 66.5% (ATM 54.3% + spread 6.1% + bias) — fair
Execution Efficiency
<3.0%Total drag 11.02% (spread 6.08% + slippage 4.94%) — high friction
Vega Efficiency
≥5.0Vega efficiency 206.15 (vega 125.342 / spread 6.08%) — efficient
Sentiment
Bullish or bearish?
4.6
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksBearish - Weak signal (Conviction: -14%, Raw: -6%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: -14% (bearish) — Raw: -6%
OI Skew Magnitude
≥15%|OI skew| 13.3% — balanced
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +7.3%, OI skew -13.3% — divergent (opposite)
Conviction Quality
≥2/3 conditions0-DTE 58%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: +14%, ATM: -14%, OTM: -5% — neutral (ITM/ATM divergent)
Sector Relative≤40% or ≥60%
Sector P/C percentile 75% — very bearish vs sector
Activity
Unusual activity?
3.9
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks2/9 checks passed
Volume Surge
≥1.5xVolume 0.8x avg — normal
Turnover Rate
≥15%Vol/OI 8.8% — normal turnover
Strike Concentration
≥60%Top 3 strikes = 50% — dispersed
Multi-Day Persistence
≥2 days1 day(s) elevated — may be one-day event
OI Build
≥5%OI change +12.5% (5d) — building
Sector Relative≥60%
Sector activity percentile 74% — active vs sector
Trade Quality
≥30%Large trade volume 6% — mostly retail
Execution Urgency
≥60%Aggressive execution 28% — patient
Flow Conviction
≥30Conviction -14 (bearish) — mixed
Liquidity
Can I trade efficiently?
5.2
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks3/8 checks passed
Tradeable Spread
≤5.0%Spread 6.1% — wide
Adequate OI
≥10,000OI 201,445 — deep
Active Volume
≥500Volume 17,624/day — active
Reasonable Cost
≤$0.50$0.30 to cross — cheap
Strike Coverage
≥5 strikes3 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 61% — wider than sector
Order Book Depth
≥100 contractsDepth 20.4 contracts (bid:9.4 ask:11.0) — thin
Execution Quality
<1.0%Avg slippage 4.94% — poor
Timing
Is now a good time?
7.0
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks5/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +16.3% — backwardation
IV Percentile Clarity
<30 or >70IV percentile 66% — neutral
Event Detection
≥10pts kinkIV kink 6.9pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 53.45 — favors income trades
Expiration Distribution
≥3 expirations5 liquid expirations — flexible
Event Risk
≥60% (safe)safe window: No events detected
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow -14% @ 57% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 36 (ITM 20% + inst 6%) — retail dominated
Directional Strategy Fit
Option Buyers
Long Calls5.3
bullishIV fair, mixed flow
Long Puts5.6
bearishIV fair, mixed flow
Premium Sellers
Cash-Secured Put5.1
bullishIV fair, mixed flow
Covered Call5.4
bearishIV fair, mixed flow
For educational purposes only. Not investment advice.