Bearish flow noted in ON Semiconductor with 7,140 puts trading, or 5x expected. Most active are 11/3 weekly 80 puts and Oct-23 80 puts, with total volume in those strikes near 5,000 contracts. The Put/Call Ratio is 11.94, while ATM IV is up nearly 2 points on the day. Earnings are expected on October 30th.
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