Analyst Upgrades Chip Supplier After Underperformance

Group 1 - UBS Securities upgraded ASML Holding NV to "buy" with a price target increase to €750 from €660, indicating potential upside after recent underperformance [1] - ASML shares are currently up 1.8% at $767, marking their third consecutive daily gain [1] - The stock has not yet returned to pre-earnings levels following an 8.3% drop after earnings on July 16, and is facing resistance at the 320-day moving average [2] Group 2 - Since the beginning of 2025, ASML shares have increased by 11.1% [2] - Options trading activity has surged, with 7,947 calls and 4,410 puts exchanged, which is double the typical volume for this time of day [3] - The most popular options are the weekly 9/12 830-strike call and the 810-strike call, with new positions being opened in both [3] Group 3 - Options are currently reasonably priced, as indicated by ASML's Schaeffer's Volatility Index (SVI) of 29%, which is in the low 4th percentile of its annual range, suggesting low volatility expectations [4]