Investors with a lot of money to spend have taken a bearish stance on ON Semiconductor ON.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with ON, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 18 uncommon options trades for ON Semiconductor.
This isn't normal.
The overall sentiment of these big-money traders is split between 38% bullish and 55%, bearish.
Out of all of the special options we uncovered, 12 are puts, for a total amount of $754,885, and 6 are calls, for a total amount of $507,893.
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 $50.0 to $85.0 for ON Semiconductor over the last 3 months.
Analyzing Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for ON Semiconductor's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of ON Semiconductor's whale activity within a strike price range from $50.0 to $85.0 in the last 30 days.
ON Semiconductor Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ON | CALL | TRADE | BEARISH | 06/20/25 | $11.45 | $11.2 | $11.3 | $75.00 | $282.5K | 206 | 250 |
| ON | PUT | SWEEP | BEARISH | 06/20/25 | $6.15 | $6.0 | $6.0 | $60.00 | $141.0K | 527 | 235 |
| ON | PUT | TRADE | BEARISH | 01/17/25 | $1.56 | $1.31 | $1.47 | $50.00 | $124.9K | 1.6K | 850 |
| ON | PUT | SWEEP | BULLISH | 06/20/25 | $20.15 | $20.1 | $20.1 | $85.00 | $88.4K | 786 | 89 |
| ON | CALL | SWEEP | BULLISH | 08/02/24 | $4.95 | $4.8 | $4.95 | $68.00 | $71.7K | 69 | 350 |
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.
In light of the recent options history for ON Semiconductor, it's now appropriate to focus on the company itself. We aim to explore its current performance.
ON Semiconductor's Current Market Status
- Trading volume stands at 3,553,788, with ON's price up by 3.61%, positioned at $69.98.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 3 days.
Expert Opinions on ON Semiconductor
4 market experts have recently issued ratings for this stock, with a consensus target price of $80.5.
- An analyst from Citigroup has revised its rating downward to Neutral, adjusting the price target to $77.
- An analyst from Susquehanna persists with their Positive rating on ON Semiconductor, maintaining a target price of $95.
- Maintaining their stance, an analyst from Keybanc continues to hold a Overweight rating for ON Semiconductor, targeting a price of $85.
- Reflecting concerns, an analyst from Morgan Stanley lowers its rating to Underweight with a new price target of $65.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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