Bullish option flow detected in Semtech with 6,783 calls trading, 2x expected, and implied vol increasing almost 8 points to 67.92%. Apr-24 35 calls and Apr-24 40 calls are the most active options, with total volume in those strikes near 3,500 contracts. The Put/Call Ratio is 0.12. Earnings are expected on June 5th.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SMTC: