Whales with a lot of money to spend have taken a noticeably bearish stance onON Semiconductor.

Looking at options history for ON Semiconductor (NASDAQ:ON) we detected 30 trades.

If we consider the specifics of each trade, it is accurate to state that 40% of the investors opened trades with bullish expectations and 56% with bearish.

From the overall spotted trades, 18 are puts, for a total amount of $1,008,096 and 12, calls, for a total amount of $870,652.

Projected Price Targets

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $55.0 and...