Bearish flow noted in ON Semiconductor with 5,209 puts trading, or 1.3x expected. Most active are Dec-22 70 puts and Nov-22 70 puts, with total volume in those strikes near 1,300 contracts. The Put/Call Ratio is 1.66, while ATM IV is up over 2 points on the day. Earnings are expected on February 6th.
Published first on TheFly
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