Bullish option flow detected in ON Semiconductor (ON) with 3,464 calls trading, 3x expected, and implied vol increasing almost 2 points to 45.95%. Dec-24 70 calls and 12/27 weekly 71 calls are the most active options, with total volume in those strikes near 1,100 contracts. The Put/Call Ratio is 0.45. Earnings are expected on January 27th.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ON:
- Early notable gainers among liquid option names on December 17th
- On Semiconductor to collaborate with Denso on autonomous driving technology
- On Semiconductor price target lowered to $85 from $89 at Truist
- ON Semiconductor Expands with Silicon Carbide Acquisition
- On Semiconductor to acquire SiC JFET business from Qorvo for $115M in cash