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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on ON:
- William Blair downgrades ON Semiconductor on yield, margin concerns
- ON Semiconductor downgraded to Market Perform from Outperform at William Blair
- ON Semiconductor call volume above normal and directionally bullish
- Piper positive on ON Semiconductor silicon carbide prospects
- Piper ‘quite confident’ ON Semiconductor did not expand capacity with Wolfspeed