Looking At Microchip Technology's Recent Unusual Options Activity
Financial giants have made a conspicuous bearish move on Microchip Technology. Our analysis of options history for Microchip Technology (NASDAQ:MCHP) revealed 12 unusual trades.
Delving into the details, we found 33% of traders were bullish, while 50% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $155,210, and 7 were calls, valued at $1,103,312.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $45.0 to $74.0 for Microchip Technology over the last 3 months.
Volume & Open Interest Development
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Microchip Technology's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Microchip Technology's significant trades, within a strike price range of $45.0 to $74.0, over the past month.
Microchip Technology Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MCHP | CALL | SWEEP | BULLISH | 01/16/26 | $26.5 | $26.0 | $26.5 | $45.00 | $265.0K | 1.9K | 100 |
| MCHP | CALL | SWEEP | BULLISH | 01/16/26 | $26.2 | $26.0 | $26.2 | $45.00 | $262.0K | 1.9K | 200 |
| MCHP | CALL | SWEEP | BEARISH | 01/16/26 | $27.2 | $25.4 | $26.0 | $45.00 | $260.0K | 1.9K | 200 |
| MCHP | CALL | SWEEP | BULLISH | 08/15/25 | $5.0 | $4.8 | $5.0 | $67.00 | $150.0K | 0 | 300 |
| MCHP | CALL | SWEEP | BEARISH | 08/15/25 | $2.65 | $2.6 | $2.6 | $74.00 | $110.2K | 0 | 425 |
About Microchip Technology
Microchip Technology became an independent company in 1989 when it was spun off from General Instrument. More than half of revenue comes from MCUs, which are used in a wide array of electronic devices from remote controls to garage door openers to power windows in autos. The company's strength lies in lower-end 8-bit MCUs that are suitable for a wider range of less technologically advanced devices, but the firm has expanded its presence in higher-end MCUs and analog chips as well.
Having examined the options trading patterns of Microchip Technology, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Current Position of Microchip Technology
- Currently trading with a volume of 13,019,285, the MCHP's price is down by -6.06%, now at $70.7.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 15 days.
Expert Opinions on Microchip Technology
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $85.0.
Unusual Options Activity Detected: Smart Money on the Move
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* An analyst from Keybanc has decided to maintain their Overweight rating on Microchip Technology, which currently sits at a price target of $85.
* Consistent in their evaluation, an analyst from Mizuho keeps a Outperform rating on Microchip Technology with a target price of $85.
* An analyst from Goldman Sachs downgraded its action to Buy with a price target of $88.
* Consistent in their evaluation, an analyst from UBS keeps a Buy rating on Microchip Technology with a target price of $85.
* An analyst from Stifel persists with their Buy rating on Microchip Technology, maintaining a target price of $82.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Microchip Technology with Benzinga Pro for real-time alerts.
