Looking At ON Semiconductor's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for ON Semiconductor (NASDAQ:ON), with a bearish stance taken by a large investor. Benzinga's options scanner spotted 11 options trades, with 27% bullish and 72% bearish sentiment. Whales have been targeting a price range of $80 to $85 for ON Semiconductor over the last 3 months.
May 18, 2023 | 7:17 pm
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A large investor has taken a bearish stance on ON Semiconductor (NASDAQ:ON) with unusual options activity. 72% of the sentiment is bearish, targeting a price range of $80 to $85.
The unusual options activity indicates that a large investor is taking a bearish stance on ON Semiconductor, which could lead to a short-term negative impact on the stock price. The 72% bearish sentiment and targeted price range of $80 to $85 suggest that the investor expects the stock price to decrease in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100