We close out our position in Close out: ASML: long 4x Mar26 1080 puts financed by 1x Mar26 1200 puts– tactical short #2
- Spot 8% lower since our entry
- Bought back sold put leg in weekly note “The markets are relatively calm…for now”
- Delta on long put leg now at -36% vs -20% on opening
- We lock in a 3x return on the position due to proximity to expiration.