Bearish flow noted in ON Semiconductor with 4,430 puts trading, or 1.4x expected. Most active are Mar-24 65 puts and Jan-24 70 puts, with total volume in those strikes near 2,000 contracts. The Put/Call Ratio is 2.05, while ATM IV is up over 2 points on the day. Earnings are expected on October 30th.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on ON:
- ADI vs. ON: Which Semiconductor Stock is Better?
- EV charging infrastructure growth not keeping pace with EV sales, FT reports
- Starboard takes stake in Algonquin Power, exits position in Enovis
- ON Semiconductor price target raised to $105 from $98 at Stifel
- ON Semiconductor price target raised to $122 from $93 at Truist