Options Brief: Microchip Technology (MCHP)

Shares of Microchip Technology MCHP are lower on the session by 0.69%, trading at $37.32.

Overall put volume is now running at 3.49x the daily average, with 2% of all puts traded being purchases on the offer. 1,020 contracts have traded on the session so far.

Microchip Technology Incorporated develops and manufactures semiconductor products used by the customers for a range of embedded control applications. The product portfolio includes 8-bit, 16-bit, and 32-bit peripheral interface controller (PIC) microcontrollers and 16-bit dsPIC digital signal controllers, which feature on-board Flash (reprogrammable) memory technology.