Earlier I sold putoptions on this stock. Now it's time to cover this shotrt position and take your profit. I ex [ect the stoch to fall back to the € 100 level. At that level I will go long again since I expect ASMI to reach the € 130 level this year.
This company is in transition. A new CEO will be introduced this year and the company has e minority stake in a ASM Pacific Technology and I expect ASMI to sell this stake.
This stock had a nice rally and at this moment we see a lot of people, holding this stock, getting more nervous about the market.
The March putoptions are very cheap and I suggest to buy the March'17 - 120 put option at € 3,60
