Bearish flow noted in Microchip with 2,093 puts trading, or 2x expected. Most active are Feb-24 77.5 puts and Dec-23 82.5 calls, with total volume in those strikes near 2,000 contracts. The Put/Call Ratio is 1.65, while ATM IV is up over 1 point on the day. Earnings are expected on February 1st.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on MCHP:
- To Meet And Exceed Heightened Automotive Secure Authentication Requirements, Microchip Releases Its Latest TrustAnchor Security IC
- Microchip Expands Development Ecosystem With MPLAB® XC-DSC Compiler With Flexible Licensing Options
- Snowflake upgraded, Lucid downgraded: Wall Street’s top analyst calls
- Microchip introduces META-DX2C 800G retimer
- Microchip Introduces Industry’s Most Complete Solution for 800G Active Electrical Cables (AECs) Used for Generative AI Networks