Investors with significant funds have taken a bullish position in ON Semiconductor ON, a development that retail traders should be aware of.
This was brought to our attention today through our monitoring of publicly accessible options data at Benzinga. The exact nature of these investors remains a mystery, but such a major move in ON usually indicates foreknowledge of upcoming events.
Today, Benzinga's options scanner identified 10 options transactions for ON Semiconductor. This is an unusual occurrence. The sentiment among these large-scale traders is mixed, with 60% being bullish and 30% bearish. Of all the options we discovered, 9 are puts, valued at $403,835, and there was a single call, worth $47,400.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $45.0 to $70.0 for ON Semiconductor over the recent three months.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of ON Semiconductor stands at 2075.4, with a total volume reaching 4,059.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in ON Semiconductor, situated within the strike price corridor from $45.0 to $70.0, throughout the last 30 days.
ON Semiconductor Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ON | PUT | TRADE | NEUTRAL | 01/31/25 | $15.7 | $14.65 | $15.25 | $70.00 | $61.0K | 0 | 40 |
| ON | PUT | SWEEP | BEARISH | 01/16/26 | $5.05 | $4.9 | $5.0 | $45.00 | $50.0K | 1.4K | 901 |
| ON | PUT | TRADE | BULLISH | 01/16/26 | $5.1 | $4.9 | $4.9 | $45.00 | $49.0K | 1.4K | 100 |
| ON | CALL | SWEEP | BULLISH | 02/21/25 | $1.58 | $1.49 | $1.58 | $60.00 | $47.4K | 5.1K | 505 |
| ON | PUT | TRADE | BULLISH | 02/21/25 | $4.2 | $4.15 | $4.17 | $55.00 | $41.7K | 2.3K | 531 |
About ON Semiconductor
Onsemi is a supplier of power semiconductors and sensors focused on the automotive and industrial markets. Onsemi is the second-largest power chipmaker in the world and the largest supplier of image sensors to the automotive market. While the firm used to be highly vertically integrated, it now pursues a hybrid manufacturing strategy for flexible capacity. Onsemi is pivoting to focus on emerging applications like electric vehicles, autonomous vehicles, industrial automation, and renewable energy.
Having examined the options trading patterns of ON Semiconductor, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Present Market Standing of ON Semiconductor
- Trading volume stands at 481,988, with ON's price down by -1.51%, positioned at $54.4.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 18 days.
Expert Opinions on ON Semiconductor
In the last month, 4 experts released ratings on this stock with an average target price of $71.75.
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20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * An analyst from Keybanc has decided to maintain their Overweight rating on ON Semiconductor, which currently sits at a price target of $70. * An analyst from Truist Securities has revised its rating downward to Hold, adjusting the price target to $60. * An analyst from Wells Fargo persists with their Overweight rating on ON Semiconductor, maintaining a target price of $80. * Consistent in their evaluation, an analyst from Goldman Sachs keeps a Buy rating on ON Semiconductor with a target price of $77.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest ON Semiconductor options trades with real-time alerts from Benzinga Pro.
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