Oct. 15 at 2:14 AM
$MCHP showing strong bullish vibes
Seeing aggressive Nov 21 call sweeps around
$70 to
$72.5
Big money dropping about
$1.39M on this dip after a 5-day pullback
Looks like tactical dip buying to me
Those 2,018
$70 calls at the ask for
$641.7k are no joke
Add in those 984 and 773 contract sweeps and we are looking at some serious upside risk
The 3 nm AI switch launch on Oct 13 is a solid catalyst here
Expecting sustained volume and IV
Could see more upside into November
Keeping a close eye