Bull Put Spreads in Semi into Sector Washout
ASML Corp (ASML) is a high-quality Semi with shares down 12.5% in a month after two sharp weeks of selling across the sector but hitting AVWAP off the 2023 lows and its 55-week EMA last week, also bouncing at a key volume node with a big pocket below $860 back to $750.
Trade to consider: Sell the ASML August $850/$840 Put Spreads (Bull Put Spread) at Credit of $4.30
