ON Semiconductor Unusual Options Activity For October 03
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been detected for ON Semiconductor (NASDAQ:ON), with a majority of investors taking a bearish stance. Of the 12 strange trades detected, 58% were bearish and 41% bullish. The total amount for puts was $996,548 and for calls was $193,428. Whales have been targeting a price range from $50.0 to $105.0 for ON Semiconductor over the last 3 months. The current price of ON is down -1.35% at $92.11.
October 03, 2023 | 5:31 pm
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ON Semiconductor has seen unusual options activity, with a majority of investors taking a bearish stance. The current price of ON is down -1.35% at $92.11.
The unusual options activity, with a majority of investors taking a bearish stance, indicates a negative sentiment towards ON Semiconductor. This, combined with the current price drop, suggests a potential short-term negative impact on the stock.
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IMPORTANCE 75
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