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Microchip call volume above normal and directionally bullish

Bullish option flow detected in Microchip with 3,639 calls trading, 1.8x expected, and implied vol increasing over 1 point to 44.23%. Nov-24 77.5 calls and Apr-25 60 puts are the most active options, with total volume in those strikes near 3,100 contracts. The Put/Call Ratio is 0.40. Earnings are expected on October 31st.

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