Financial giants have made a conspicuous bearish move on ON Semiconductor. Our analysis of options history for ON Semiconductor (NASDAQ:ON) revealed 9 unusual trades.
Delving into the details, we found 11% of traders were bullish, while 55% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $466,543, and 6 were calls, valued at $259,787.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $60.0 to $80.0 for ON Semiconductor over the recent three months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for ON Semiconductor options trades today is 636.6 with a total volume of 3,713.00.
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 $60.0 to $80.0 over the last 30 days.
ON Semiconductor 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ON | PUT | SWEEP | BEARISH | 09/20/24 | $6.25 | $6.2 | $6.25 | $70.00 | $253.1K | 2.2K | 27 |
| ON | PUT | TRADE | BEARISH | 08/16/24 | $1.55 | $1.45 | $1.52 | $60.00 | $188.3K | 343 | 2.9K |
| ON | CALL | TRADE | NEUTRAL | 09/20/24 | $11.5 | $10.65 | $11.08 | $60.00 | $110.8K | 62 | 0 |
| ON | CALL | SWEEP | BULLISH | 06/20/25 | $9.15 | $8.8 | $8.95 | $80.00 | $35.8K | 119 | 80 |
| ON | CALL | SWEEP | NEUTRAL | 06/20/25 | $9.15 | $8.8 | $8.9 | $80.00 | $32.0K | 119 | 222 |
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
- With a volume of 2,928,415, the price of ON is up 1.38% at $68.56.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 38 days.
What The Experts Say On ON Semiconductor
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $92.0.
- In a cautious move, an analyst from Needham downgraded its rating to Buy, setting a price target of $92.
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.