Bullish option flow detected in Microchip with 3,639 calls trading, 1.8x expected, and implied vol increasing over 1 point to 44.23%. Nov-24 77.5 calls and Apr-25 60 puts are the most active options, with total volume in those strikes near 3,100 contracts. The Put/Call Ratio is 0.40. Earnings are expected on October 31st.
Don't Miss our Black Friday Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MCHP:
- Microchip announces VelocityDRIVE software platform, ethernet switches
- Biden bill exempts some semi factories from environmental reviews, Reuters says
- Biden to sign bill allowing chip projects to skip NEPA reviews, NYT reports
- Microchip call volume above normal and directionally bullish
- Qualcomm eyes Intel deal while Apollo offers investment: Morning Buzz