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Microchip call volume above normal and directionally bullish

Bullish option flow detected in Microchip with 2,981 calls trading, 1.6x expected, and implied vol increasing over 1 point to 40.54%. Nov-24 92.5 calls and Oct-24 90 calls are the most active options, with total volume in those strikes near 2,400 contracts. The Put/Call Ratio is 0.14. Earnings are expected on October 31st.

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