MCHP Microchip Technology, Inc.

The $MCHP whale is back. Rolling the October $72.50's out and down to the December $70's and they are adding $50M to their position which was previously de-risked

$MCHP whale potentially adding to the December $70 calls at $9.10 here. Need to see the OI change next week for confirmation though.

$MCHP 80.76 hit. That’s right. The sniffer don’t play. Buy before ER. Or ER DIP. 101.10 next you bad fckers.

$MCHP up another 5% today, going for $80. Those December $70 calls are now $12.70. 96k contracts in the OI from that whale a couple of weeks ago.

$MCHP Did I ever stick my stinky finger in here yet? Buy the dip if any and make hay bales. 80.76 is a one way street. Wake up. ER on 6/5

📈 $MCHP – Weekly Support I’m taking a low-risk position in Microchip Technology as price comes down to test a major ascending weekly support trendline. This is the type of setup I like because we’re entering near a key technical level where we should know fairly quickly if we’re wrong. Looking for buyers to defend this area and potentially push price higher. If weekly support fails, I’ll reassess and manage risk accordingly. **🎯I like Nov 20th $75 calls here** 🛑Stop loss for me will be a weekly close below trendline support.

$MCHP | Snapshot 📊⚡ • Business: Microchip Technology Incorporated is a leading semiconductor supplier specializing in embedded control, microcontrollers, and specialized analog solutions. • Dark Pool Breakdown: Significant institutional buying accumulated at support, totaling over $31.9M in premium, highlighted by an $18.1M signature print at $77.97. • Overall Bias: BULLISH• Rationale: $MCHP is defending macro trendline support and high-volume shelf demand around $77.00–$78.00. Multi-million dollar dark pool block prints indicate institutional backing at support for a multi-month trend continuation toward $90.00+. 🎯 Key Levels: 🐂 Bull Trigger: $82.00 / $88.00 🚀 Targets: $90.00 / $98.00 / $104.25 🛡 Support: $78.00 / $77.00 ⚠️ Risk: $71.27 / $60.00 #MCHP #stocks #finance #hovdid