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Investors with significant funds have taken a bullish position in ON Semiconductor (NASDAQ: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 20% bearish. Of all the options we discovered, 9 are puts, valued at $352,195, and there was a single call, worth $39,500.
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $70.0 to $95.0 for ON Semiconductor over the recent three months.
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for ON Semiconductor's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across ON Semiconductor's significant trades, within a strike price range of $70.0 to $95.0, over the past month.
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|---|---|---|
ON | PUT | SWEEP | BULLISH | 01/17/25 | $10.75 | $10.7 | $10.7 | $80.00 | $80.2K | 2.2K | 105 |
ON | PUT | TRADE | BEARISH | 06/20/25 | $22.55 | $22.35 | $22.55 | $95.00 | $42.8K | 202 | 38 |
ON | PUT | TRADE | NEUTRAL | 08/15/25 | $23.75 | $23.2 | $23.45 | $95.00 | $42.2K | 0 | 18 |
ON | PUT | TRADE | NEUTRAL | 06/20/25 | $22.9 | $22.5 | $22.7 | $95.00 | $40.8K | 202 | 18 |
ON | CALL | TRADE | BULLISH | 08/16/24 | $3.95 | $3.3 | $3.95 | $70.00 | $39.5K | 791 | 115 |
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.
Following our analysis of the options activities associated with ON Semiconductor, we pivot to a closer look at the company's own performance.
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $94.0.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for ON Semiconductor with Benzinga Pro for real-time alerts.
Posted In: ON