Bullish option flow detected in ON Semiconductor with 28,110 calls trading, 17x expected, and implied vol increasing almost 2 points to 46.55%. 7/5 weekly 75 calls and 7/12 weekly 62 puts are the most active options, with total volume in those strikes near 23,400 contracts. The Put/Call Ratio is 0.10. Earnings are expected on July 29th.
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