Allegro Microsystems Inc. (ALGM)

Overview News Price History Option Chain Financials Why ALGM Down? Discussions Forecast

Allegro Microsystems Inc. Stock (ALGM) Option Chain

The Allegro Microsystems Inc. (ALGM) option chain consists of 569 contracts with 321 call options and 248 put options, which all expire on May 17, 2024. Some other option chains:

For August 16, 2024 options, there are 113 contracts.
For November 15, 2024 options, there are 0 contracts.
For December 20, 2024 options, there are 3 contracts.
For January 17, 2025 options, there are 7 contracts.
For January 16, 2026 options, there are 0 contracts.

ALGM option chain shows a higher number of calls than puts indicating that there are more bets placed on price increases, which may also suggest bullish expectations for the stock.

The table below displays Allegro Microsystems Inc. option chain data such as: call and put options, including strike price, last price, price change and volume. This table can help you navigate decisions on option chains but for optimal results shareholders should check the stock’s technical analysis and overall market sentiment.

ALGM Call Options Expiring May 17, 2024

Strike	Price	Change	% Change	Volume
15.00	13.56	0.00	-	-
17.50	0.00	0.00	-	-
20.00	10.25	1.05	+11.41%	1
22.50	7.40	0.00	-	-
25.00	5.50	1.10	+25.00%	15
27.50	2.90	0.29	+11.11%	12
30.00	1.35	0.15	+12.50%	110
32.50	0.48	0.03	+6.67%	183
35.00	0.23	0.00	-	-
37.50	0.10	0.00	-	-
40.00	0.15	0.00	-	-
42.50	0.35	0.00	-	-
45.00	0.15	0.00	-	-
50.00	0.20	0.00	-	-

ALGM Put Options Expiring May 17, 2024

Strike	Price	Change	% Change	Volume
15.00	0.00	0.00	-	-
17.50	0.00	0.00	-	-
20.00	0.05	0.00	-	-
22.50	0.04	0.00	-	-
25.00	0.15	0.00	-	3
27.50	0.45	-0.15	-25.00%	152
30.00	1.35	-0.20	-12.90%	93
32.50	5.50	0.00	-	-
35.00	6.30	0.00	-	-
37.50	5.81	0.00	-	-
40.00	14.20	0.00	-	-
42.50	0.00	0.00	-	-
45.00	0.00	0.00	-	-
50.00	0.00	0.00	-	-

Allegro Microsystems Inc. Stock (ALGM) Option Chain Analysis

Put Volume Total	248
Call Volume Total	321
Put/Call Ratio (PCR)	0.77

Put Strike With Highest Volume	$27.50
Call Strike With Highest Volume	$32.50

From reviewing ALGM put and call options expire on May 17, 2024, we can calculate put/call ratio (PCR) of 0.77. This ratio can be called as a rising PCR as it might indicate a bullish sentiment for this stock, if it continues to increase, it could further confirm a more positive outlook. This indicator can be helpful tool for analysing a specific option chain since reading excessive amount of data can be time consuming. Therefore, besides assessing other crucial indicators, consider tracking PCR of your options chain to gain diverse insights that help you make better decisions.

Looking at ALGM call and put strikes, we can clearly observe traders’ highest attention for call strike of $32.50 and put strike of $27.50. Since those are two call and put strikes with highest volume it can be interpret as a sign of willingness to trade call and put options at specific prices mentioned above.