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Hawk’s Nest

Unusual Bull Spread in Attractive Semi Equipment Name

by | May 18, 2022

Nova Measuring (NVMI) a chart basing the last few weeks and a quality name with an interesting spread today selling November $85 puts to buy the $105/$130 call spreads 700X. Nova delivers continuous innovation by providing state-of-the-art high- performance metrology solutions for effective process control throughout the semiconductor fabrication lifecycle. Nova’s product portfolio, which combines high- precision hardware and cutting-edge software, provides its customers with deep insight into the development and production of the most advanced semiconductor devices. The demand for our metrology systems is driven by capital equipment spending of the semiconductor manufacturers, which is in turn driven by the worldwide demand for semiconductor components embedded in technology devices. NVMI has superior margins to peers and unique X-Ray thin-film metrology capabilities. NVMI has attractive exposure to thinfilm metrology segment which is benefitting from rising cost/complexity of manufacturing and silicon nationalism.