Bearish flow noted in ON Semiconductor with 9,678 puts trading, or 2x expected. Most active are 9/6 weekly 65 puts and 8/2 weekly 86 calls, with total volume in those strikes near 7,800 contracts. The Put/Call Ratio is 4.35, while ATM IV is up over 1 point on the day. Earnings are expected on October 28th.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ON:
- ON Semiconductor put volume heavy and directionally bearish
- On Semiconductor price target raised to $90 from $85 at Deutsche Bank
- On Semiconductor price target raised to $97 from $85 at Truist
- On Semiconductor price target raised to $100 from $90 at Roth MKM
- On Semiconductor price target raised to $90 from $80 at Benchmark