Silicon Labs Spokesperson Comments on Unusual Option Activity
A spokesperson for Silicon Labs (NASDAQ: SLAB) had no information on the unusual option trading in the company stock on Thursday. Put volume is at 2,032% of average, with 4,176 contracts traded in the October 35 put.
The spokesperson said "we don't have any insight into what drives the trading volume", but noted it may be related to the CEO's presentation on Wednesday at the Barclays Global Technology, Media and Telecommunications Conference.
Silicon Labs shares were trading near $34 on Thursday.
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