Check Out What Whales Are Doing With ON Semiconductor

A whale with a lot of money to spend has taken a noticeably bullish stance on ON Semiconductor.

Looking at options history for ON Semiconductor ON we detected 10 strange trades.

If we consider the specifics of each trade, it is accurate to state that 60% of the investors opened trades with bullish expectations and 40% with bearish.

From the overall spotted trades, 7 are puts, for a total amount of $381,899 and 3, calls, for a total amount of $116,220.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $75.0 to $115.0 for ON Semiconductor over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for ON Semiconductor options trades today is 1077.86 with a total volume of 1,212.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for ON Semiconductor's big money trades within a strike price range of $75.0 to $115.0 over the last 30 days.

ON Semiconductor Option Volume And Open Interest Over Last 30 Days

Options Call Chart

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
ON PUT SWEEP BEARISH 01/17/25 $105.00 $95.5K 589 60
ON PUT SWEEP BULLISH 01/19/24 $95.00 $82.4K 899 256
ON PUT SWEEP BULLISH 01/19/24 $95.00 $63.9K 899 355
ON CALL SWEEP BULLISH 10/20/23 $100.00 $59.9K 1.4K 13
ON PUT SWEEP BEARISH 01/19/24 $95.00 $46.8K 899 322

Where Is ON Semiconductor Standing Right Now?

  • With a volume of 1,766,150, the price of ON is down -0.68% at $98.63.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 54 days.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for ON Semiconductor, Benzinga Pro gives you real-time options trades alerts.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date of Trade
ticker
Put/Call
Strike Price
DTE
Sentiment
Posted In: OptionsMarketsBZI-UOA
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!