ON Semiconductor Unusual Options Activity For October 31
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been observed in ON Semiconductor's options activity. Out of the 14 unusual trades detected, 57% were bearish and 42% bullish. The total amount for puts was $2,026,500 and for calls, $200,023. Whales have been targeting a price range from $60.0 to $90.0 for ON Semiconductor over the last 3 months. The current price of ON is down -4.15% at $62.63.
October 31, 2023 | 2:01 pm
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ON Semiconductor has seen significant bearish options activity. The current price is down -4.15% at $62.63, with whales targeting a price range from $60.0 to $90.0.
The bearish stance in options activity indicates a negative sentiment towards the stock. This, coupled with the current price drop, suggests a potential further decrease in the short term.
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