1/5/2023-Unusual Options Activity In MCHP

$MCHP – Bearish flow noted in Microchip (69.27 -1.52) with 3,180 puts trading, or 2x expected. The Put/Call Ratio is 4.05, while ATM IV is up over 1 point on the day. Earnings are expected on 02/02. The FEB 2023 60.00 Puts are active.