Semtech call volume above normal and directionally bullish
The Fly

Semtech call volume above normal and directionally bullish

Bullish option flow detected in Semtech with 8,374 calls trading, 2x expected, and implied vol increasing almost 5 points to 60.25%. Apr-24 30 calls and Apr-24 32 calls are the most active options, with total volume in those strikes near 1,900 contracts. The Put/Call Ratio is 0.09. Earnings are expected on June 5th.

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