Archive for November 15th, 2010

Option Spike Alert in Microchip Tech (MCHP)

Someone is betting on more M&A activity in the options market.  Microchip Technology Inc. (NASDAQ: MCHP) has traded 9,377 contracts of the NOV10 $34 CALLS today.  The whole open interest was only 9,170 contracts.  While far smaller, even the $35 CALLS saw 560 contracts trade versus an open interest of only 612 contracts. If you [...]