ON Semiconductor Unusual Options Activity For June 01
Portfolio Pulse from Benzinga Insights
A whale has taken a bearish stance on ON Semiconductor (NASDAQ:ON) with 80% of detected unusual options trades being bearish. Whales have been targeting a price range of $60 to $110 for ON Semiconductor over the last 3 months. The stock is currently up 5.6% at $88.28.
June 01, 2023 | 7:32 pm
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A whale has taken a bearish stance on ON Semiconductor with 80% of detected unusual options trades being bearish. The stock is currently up 5.6% at $88.28.
The article highlights that a whale has taken a bearish stance on ON Semiconductor, with 80% of detected unusual options trades being bearish. This indicates that the majority of these trades expect the stock price to go down in the short term. The stock is currently up 5.6% at $88.28, but the bearish sentiment from the whale could have a negative impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100