Bullish option flow detected in Microchip (MCHP) with 9,005 calls trading, 2x expected, and implied vol increasing almost 7 points to 52.97%. Jun-26 67.5 calls and Jun-26 70 puts are the most active options, with total volume in those strikes near 8,400 contracts. The Put/Call Ratio is 0.35. Earnings are expected on May 7th.
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