Looking At Microchip Technology's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed in Microchip Technology (NASDAQ:MCHP), with a large position appearing on Benzinga's options scanner. The sentiment of these big-money traders is split between 60% bullish and 40% bearish. Whales have been targeting a price range of $70 to $85 for MCHP over the last 3 months.
May 18, 2023 | 8:47 pm
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Microchip Technology has seen unusual options activity, with a large position appearing on Benzinga's options scanner. The sentiment of these big-money traders is split between 60% bullish and 40% bearish.
The unusual options activity in Microchip Technology indicates that there is significant interest from big-money traders, which could lead to increased volatility in the stock price. However, the sentiment is split between bullish and bearish, making it difficult to predict the short-term price direction.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100