Semtech call volume above normal and directionally bullish
The Fly

Semtech call volume above normal and directionally bullish

Bullish option flow detected in Semtech with 6,783 calls trading, 2x expected, and implied vol increasing almost 8 points to 67.92%. Apr-24 35 calls and Apr-24 40 calls are the most active options, with total volume in those strikes near 3,500 contracts. The Put/Call Ratio is 0.12. Earnings are expected on June 5th.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Related Articles
Michael MarcusTipRanks ‘Perfect 10’ List: 2 Top-Scoring Stocks with Solid Upside Potential
TheFlySemtech management to meet with Piper Sandler
TheFlySemtech expands distribution footprint in Canada with GetWireless
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App