Bullish option flow detected in ON Semiconductor with 1,487 calls trading, 1.4x expected, and implied vol increasing over 3 points to 50.12%. Jan-23 62 puts and Jan-23 70 calls are the most active options, with total volume in those strikes near 330 contracts. The Put/Call Ratio is 0.62. Earnings are expected on February 6th.
Published first on TheFly
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