ON Semiconductor Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on ON Semiconductor (NASDAQ:ON) by a large investor, as observed in the unusual options activity. The sentiment among these big-money traders is 80% bearish and 20% bullish. The whales have been targeting a price range from $70.0 to $145.0 for ON Semiconductor over the last 3 months. The price of ON is currently up 1.55% at $98.81, and the next earnings are expected in 10 days.
July 21, 2023 | 3:48 pm
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A large investor has taken a significant bearish stance on ON Semiconductor, with 80% bearish sentiment observed in unusual options activity. The stock price is currently up 1.55% at $98.81.
The bearish sentiment observed in the unusual options activity indicates that large investors are expecting the stock price to decrease. This could potentially lead to a sell-off, putting downward pressure on the stock price. The current increase in stock price could be temporary, and the upcoming earnings release could also impact the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100