Looking At ON Semiconductor's Recent Unusual Options Activity
Investors with significant funds have taken a bearish position in ON Semiconductor , a development that retail traders should be aware of.
This was brought to our attention today through our monitoring of publicly accessible options data at Benzinga. The exact nature of these investors remains a mystery, but such a major move in ON usually indicates foreknowledge of upcoming events.
Today, Benzinga's options scanner identified 11 options transactions for ON Semiconductor. This is an unusual occurrence. The sentiment among these large-scale traders is mixed, with 27% being bullish and 45% bearish. Of all the options we discovered, 10 are puts, valued at
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from
Volume & Open Interest Development
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for ON Semiconductor's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of ON Semiconductor's whale trades within a strike price range from
ON Semiconductor Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|---|---|---|
ON | CALL | SWEEP | BULLISH | 10 | 0 | ||||||
ON | PUT | SWEEP | NEUTRAL | 8.2K | 5.4K | ||||||
ON | PUT | SWEEP | BEARISH | 310 | 144 | ||||||
ON | PUT | SWEEP | BEARISH | 21 | 5.8K | ||||||
ON | PUT | SWEEP | BEARISH | 8.2K | 873 |
About ON Semiconductor
Onsemi is a supplier of power semiconductors and sensors focused on the automotive and industrial markets. Onsemi is the second-largest power chipmaker in the world and the largest supplier of image sensors to the automotive market. While the firm used to be highly vertically integrated, it now pursues a hybrid manufacturing strategy for flexible capacity. Onsemi is pivoting to focus on emerging applications like electric vehicles, autonomous vehicles, industrial automation, and renewable energy.
In light of the recent options history for ON Semiconductor, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Current Position of ON Semiconductor
- Trading volume stands at 6,500,036, with ON's price down by -4.06%, positioned at
$34.12 . - RSI indicators show the stock to be may be oversold.
- Earnings announcement expected in 24 days.
Expert Opinions on ON Semiconductor
In the last month, 1 experts released ratings on this stock with an average target price of
Turn
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access.
* Maintaining their stance, an analyst from Mizuho continues to hold a Outperform rating for ON Semiconductor, targeting a price of
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest ON Semiconductor options trades with real-time alerts from Benzinga Pro.

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