ON Semiconductor Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on ON Semiconductor (NASDAQ:ON) as indicated by unusual options activity. The sentiment among big-money traders is split between 33% bullish and 66% bearish. The whales have been targeting a price range from $90.0 to $120.0 for ON Semiconductor over the last 3 months. The price of ON is currently down -2.4% at $105.5.
August 04, 2023 | 11:26 am
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NEGATIVE IMPACT
Unusual options activity indicates a bearish stance on ON Semiconductor. The sentiment among big-money traders is 66% bearish, which could potentially impact the stock price.
The unusual options activity, with a significant bearish sentiment among big-money traders, indicates that there might be a negative impact on the stock price of ON Semiconductor in the short term. This is based on the assumption that these traders have access to information that could potentially affect the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100