Bearish flow noted in ON Semiconductor with 5,564 puts trading, or 1.6x expected. Most active are Feb-23 70 puts and Dec-22 70 puts, with total volume in those strikes near 2,700 contracts. The Put/Call Ratio is 1.73, while ATM IV is up over 1 point on the day. Earnings are expected on February 6th.
Published first on TheFly
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