Bearish flow noted in ON Semiconductor with 3,069 puts trading, or 2x expected. Most active are Jan-23 58 puts and Jan-23 62 puts, with total volume in those strikes near 1,200 contracts. The Put/Call Ratio is 1.75, while ATM IV is up nearly 2 points on the day. Earnings are expected on February 6th.
Published first on TheFly
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