Bearish flow noted in ON Semi (ON)conductor with 3,626 puts trading, or 1.6x expected. Most active are 1/30 weekly 63 puts and 1/30 weekly 63 calls, with total volume in those strikes near 2,300 contracts. The Put/Call Ratio is 1.81, while ATM IV is up over 1 point on the day. Earnings are expected on February 9th.
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