Bullish option flow detected in Microchip (MCHP) with 4,945 calls trading, 3x expected, and implied vol increasing over 1 point to 43.55%. 1/10 weekly 59.5 calls and 12/27 weekly 59.5 calls are the most active options, with total volume in those strikes near 3,500 contracts. The Put/Call Ratio is 0.15. Earnings are expected on January 30th.
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