Calls Purchased on ON Semiconductor

Shares of ON Semiconductor ONNN are higher on the session by 3.47%, currently trading at $9.25. The stock has been moving largely lower over the past three months and is currently trading below the 200-day moving average. Options traders are buying calls on the name today. A short while ago the September 2011 $10.00 call traded 1,000 times on open interest of 0 contracts. Overall call volume is now running at 2.71x the daily average with 100% of all calls traded being purchases on the offer. ON Semiconductor Corporation is a supplier of silicon solutions for energy electronics. The company designs, manufactures and markets a portfolio of semiconductor components.