Bearish flow noted in Microchip (MCHP) with 1,587 puts trading, or 1.1x expected. Most active are Jun-25 69 puts and Jun-25 67.5 puts, with total volume in those strikes near 1,500 contracts. The Put/Call Ratio is 5.88, while ATM IV is up over 1 point on the day. Earnings are expected on August 7th.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MCHP:
- SanDisk initiated, Analog Devices upgraded: Wall Street’s top analyst calls
- Microchip price target raised to $64 from $52 at Truist
- Microchip enhances Digital Signal Controller lineup
- Microchip initiated with a Neutral at Cantor Fitzgerald
- Microchip price target raised to $83 from $69 at Evercore ISI