Silicon Labs (NASDAQ:SLAB) was among the "big winners" in
the technology segment Tuesday, rising nearly 15% after the
company posted fourth-quarter results that beat expectations.
The chipmaker reported earnings of $13.8 million on sales of
$95.5 million, lower than the $23.8 million earned a year ago,
but the reduced numbers easily outpaced analysts' consensus
pressure lifted SLAB shares from a multi-year low posted the
previous session. Although our sold (call) strike at $35 is not
would likely signal our exit in the bearish position.