ASMH Long Put Strategy
ASMH (ASML Holding NV ADRhedged), in the Financial Services sector, (Asset Management industry), listed on AMEX.
This particular fund typically allocates at least 95% of its total capital to American Depositary Receipts (ADRs) representing shares of ASML Holding NV. Alongside these primary holdings, it utilizes a currency swap instrument. This swap is specifically designed to counteract potential losses or gains caused by changes in the exchange rate between the U.S. dollar and the Euro. Investors should be aware that this fund is structured as non-diversified.
ASMH (ASML Holding NV ADRhedged) trades in the Financial Services sector, specifically Asset Management, with a market capitalization of approximately $2.4M, a beta of 1.22 versus the broader market, a 52-week range of 46.74-132.06, average daily share volume of 2K, a public-listing history dating back to 2025. These structural characteristics shape how ASMH etf options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.22 places ASMH roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. ASMH pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.
What is a long put on ASMH?
A long put buys downside exposure with a fixed maximum loss equal to the premium paid; profit accrues if the underlying closes below the strike minus premium at expiration.
Current ASMH snapshot
As of June 30, 2026, spot at $135.56, ATM IV 67.10%, expected move 19.24%. The long put on ASMH below is built from the same end-of-day chain, with strikes snapped to listed contracts and premiums pulled from the bid/ask midpoint at a 17-day expiry.
Why this long put structure on ASMH specifically: IV rank is unavailable in the current snapshot, so regime-based timing for ASMH is inferred from ATM IV at 67.10% alone, with a market-implied 1-standard-deviation move of approximately 19.24% (roughly $26.08 on the underlying). The 17-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated ASMH expiries trade a higher absolute premium for lower per-day decay. Position sizing on ASMH should anchor to the underlying notional of $135.56 per share and to the trader's directional view on ASMH etf.
ASMH long put setup
The ASMH long put below is built from the end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With ASMH near $135.56, the first option leg uses a $135.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed ASMH chain at a 17-day expiry; the cross-strike IV skew is reflected directly in the per-leg values rather than approximated. Quantity sizing assumes one contract per option leg (or 100 ASMH shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 1 | Put | $135.00 | $8.00 |
ASMH long put risk and reward
- Net Premium / Debit
- -$800.00
- Max Profit (per contract)
- $12,699.00
- Max Loss (per contract)
- -$800.00
- Breakeven(s)
- $127.00
- Risk / Reward Ratio
- 15.874
Max profit equals the strike minus premium times 100 (reached at zero); max loss equals the premium times 100. Breakeven is strike minus premium.
ASMH long put payoff curve
Modeled P&L at expiration across a range of underlying prices for the long put on ASMH. Each row is one sampled price point from the computed payoff curve; the full curve uses 200 price points internally before being summarized into 10 rows here.
| Underlying Price | % From Spot | P&L at Expiration |
|---|---|---|
| $0.01 | -100.0% | +$12,699.00 |
| $29.98 | -77.9% | +$9,701.80 |
| $59.95 | -55.8% | +$6,704.61 |
| $89.93 | -33.7% | +$3,707.41 |
| $119.90 | -11.6% | +$710.22 |
| $149.87 | +10.6% | -$800.00 |
| $179.84 | +32.7% | -$800.00 |
| $209.81 | +54.8% | -$800.00 |
| $239.79 | +76.9% | -$800.00 |
| $269.76 | +99.0% | -$800.00 |
When traders use long put on ASMH
Long puts on ASMH hedge an existing long ASMH etf position or express a bearish view with defined risk; position sizing typically scales the put notional to the underlying ASMH exposure being hedged.
ASMH thesis for this long put
The market-implied 1-standard-deviation range for ASMH extends from approximately $109.48 on the downside to $161.64 on the upside. A ASMH long put expresses a directional view that the underlying closes below the strike minus premium at expiration, frequently sized to hedge an existing long ASMH position with one put per 100 shares held. As a Financial Services name, ASMH options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to ASMH-specific events.
ASMH long put positions are structurally bearish; the modeled P&L assumes European-style exercise at expiration and ignores early assignment, transaction costs, dividends paid before expiry on the stock leg (when present), and the bid-ask spread on the listed chain. ASMH positions also carry Financial Services sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move ASMH alongside the broader basket even when ASMH-specific fundamentals are unchanged. Long-premium structures like a long put on ASMH are particularly exposed to IV-crush risk through scheduled events (earnings, FDA decisions, central-bank meetings) where IV typically contracts post-event regardless of the directional outcome. Always rebuild the position from current ASMH chain quotes before placing a trade.
Frequently asked questions
- What is a long put on ASMH?
- A long put on ASMH is the long put strategy applied to ASMH (etf). The strategy is structurally bearish: A long put buys downside exposure with a fixed maximum loss equal to the premium paid; profit accrues if the underlying closes below the strike minus premium at expiration. With ASMH etf trading near $135.56, the strikes shown on this page are snapped to the nearest listed ASMH chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are ASMH long put max profit and max loss calculated?
- Max profit equals the strike minus premium times 100 (reached at zero); max loss equals the premium times 100. Breakeven is strike minus premium. For the ASMH long put priced from the end-of-day chain at a 30-day expiry (ATM IV 67.10%), the computed maximum profit is $12,699.00 per contract and the computed maximum loss is -$800.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a ASMH long put?
- The breakeven for the ASMH long put priced on this page is roughly $127.00 at expiration, derived from end-of-day chain premiums. Breakeven is the underlying price at which the strategy's P&L crosses zero ignoring transaction costs and assignment risk. The current ASMH market-implied 1-standard-deviation expected move is approximately 19.24%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
- When should you consider a long put on ASMH?
- Long puts on ASMH hedge an existing long ASMH etf position or express a bearish view with defined risk; position sizing typically scales the put notional to the underlying ASMH exposure being hedged.
- How does current ASMH implied volatility affect this long put?
- Current ASMH ATM IV is 67.10%; IV rank context is unavailable in the current snapshot.