ASMH Straddle Strategy
ASMH (ASML Holding NV ADRhedged), in the Financial Services sector, (Asset Management industry), listed on AMEX.
The Series, under normal circumstances, invests at least 95% of its net assets in American Depositary Receipts (“ADRs”) of the ASML Holding NV. It invests in the ADRs of the company and a currency swap designed to hedge against fluctuations in the exchange rate between the U.S. dollar and the Euro. The fund is non-diversified.
ASMH (ASML Holding NV ADRhedged) trades in the Financial Services sector, specifically Asset Management, with a market capitalization of approximately $2.1M, a beta of 1.17 versus the broader market, a 52-week range of 46.74-106.91, 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 1.17 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 straddle on ASMH?
A long straddle buys an ATM call and an ATM put at the same strike, profiting from a large move in either direction; max loss equals the combined debit when the underlying pins to the strike at expiration.
Current ASMH snapshot
As of May 15, 2026, spot at $102.34, ATM IV 48.50%, expected move 13.90%. The straddle 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 34-day expiry.
Why this straddle structure on ASMH specifically: IV rank is unavailable in the current snapshot, so regime-based timing for ASMH is inferred from ATM IV at 48.50% alone, with a market-implied 1-standard-deviation move of approximately 13.90% (roughly $14.23 on the underlying). The 34-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 $102.34 per share and to the trader's directional view on ASMH etf.
ASMH straddle setup
The ASMH straddle 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 $102.34, the first option leg uses a $102.00 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 34-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 | Call | $102.00 | $6.60 |
| Buy 1 | Put | $102.00 | $5.50 |
ASMH straddle risk and reward
- Net Premium / Debit
- -$1,210.00
- Max Profit (per contract)
- Unbounded
- Max Loss (per contract)
- -$1,193.08
- Breakeven(s)
- $89.90, $114.10
- Risk / Reward Ratio
- Unbounded
Upside max profit is unbounded; downside max profit is bounded at the strike minus the combined call plus put debit (reached at zero). Max loss equals the combined debit times 100 (reached when the underlying pins to the strike). Two breakevens at strike plus debit and strike minus debit.
ASMH straddle payoff curve
Modeled P&L at expiration across a range of underlying prices for the straddle 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% | +$8,989.00 |
| $22.64 | -77.9% | +$6,726.32 |
| $45.26 | -55.8% | +$4,463.63 |
| $67.89 | -33.7% | +$2,200.95 |
| $90.52 | -11.6% | -$61.73 |
| $113.14 | +10.6% | -$95.58 |
| $135.77 | +32.7% | +$2,167.10 |
| $158.40 | +54.8% | +$4,429.78 |
| $181.02 | +76.9% | +$6,692.47 |
| $203.65 | +99.0% | +$8,955.15 |
When traders use straddle on ASMH
Straddles on ASMH are pure-volatility plays that profit from large moves in either direction; traders typically buy ASMH straddles ahead of earnings, FDA decisions, or other catalysts where the realized move is expected to exceed the implied move priced into the chain.
ASMH thesis for this straddle
The market-implied 1-standard-deviation range for ASMH extends from approximately $88.11 on the downside to $116.57 on the upside. A ASMH long straddle is a pure-volatility play: it profits when the underlying moves far enough from the strike in either direction to overcome the combined call plus put debit, regardless of direction. 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 straddle positions are structurally neutral / high-volatility (long premium); 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. Always rebuild the position from current ASMH chain quotes before placing a trade.
Frequently asked questions
- What is a straddle on ASMH?
- A straddle on ASMH is the straddle strategy applied to ASMH (etf). The strategy is structurally neutral / high-volatility (long premium): A long straddle buys an ATM call and an ATM put at the same strike, profiting from a large move in either direction; max loss equals the combined debit when the underlying pins to the strike at expiration. With ASMH etf trading near $102.34, 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 straddle max profit and max loss calculated?
- Upside max profit is unbounded; downside max profit is bounded at the strike minus the combined call plus put debit (reached at zero). Max loss equals the combined debit times 100 (reached when the underlying pins to the strike). Two breakevens at strike plus debit and strike minus debit. For the ASMH straddle priced from the end-of-day chain at a 30-day expiry (ATM IV 48.50%), the computed maximum profit is unbounded per contract and the computed maximum loss is -$1,193.08 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a ASMH straddle?
- The breakeven for the ASMH straddle priced on this page is roughly $89.90 and $114.10 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 13.90%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
- When should you consider a straddle on ASMH?
- Straddles on ASMH are pure-volatility plays that profit from large moves in either direction; traders typically buy ASMH straddles ahead of earnings, FDA decisions, or other catalysts where the realized move is expected to exceed the implied move priced into the chain.
- How does current ASMH implied volatility affect this straddle?
- Current ASMH ATM IV is 48.50%; IV rank context is unavailable in the current snapshot.