Options Intelligence Report: American Axle & Manufacturing Holdings, Inc. (AXL) & ASML Holding NV (ASML)
AXL ñ American Axle & Manufacturing Holdings, Inc.
Bullish options players dominated trading activity on auto parts supplier, American Axle & Manufacturing Holdings, Inc., in the first half of the trading session. Shares of the underlying stock are up 2.30% to $8.45 as of 11:55 am (ET). Investors expecting AXL shares to appreciate ahead of June expiration purchased at least 4,000 calls at the June $10 strike for an average premium of $0.335 per contract. Call-buyers make money if the auto parts manufacturerís shares rally at least 22.30% over the current price to exceed the average breakeven point to the upside at $10.335 by expiration day next month.
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ASML ñ ASML Holding NV
The provider of advanced technology systems for the semiconductor industry enticed near-term optimistic options players during the first trading day of this week despite the 0.90% decline in the price of the underlying stock to $28.64 as of 12:15 pm (ET). Plain-vanilla debit call spreads transacted in the June contract indicate one or more traders expect ASML shares to rally ahead of expiration day. Roughly 6,000 in-the-money calls were picked up at the June $27.5 strike for an average premium of $2.07 apiece, and spread against the sale of about 6,000 calls at the higher June $30 strike for an average premium of $0.73 each. The net cost of the bullish spread amounts to $1.34 per contract. The transaction yields maximum potential profits of $1.16 per contract to the trader or traders long the debit spread if shares of the underlying stock rally 4.75% to exceed $30.00 by expiration day in June.
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