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Winner: 25.00% Gain On MCHP Call Options

|About: Microchip Technology Incorporated (MCHP)

We just sold our MCHP 17AUG18 90 Options (MCHP) at $6.00 for a gain of 25.00% on the trade.

We went LONG on July 5.

Last night's Trump announcement of new tariffs on China is having a negative effect on semi-conductor stocks. Best to lock in our profits on this one.