Investors with significant funds have taken a bullish position in ON Semiconductor (ON), a development that retail traders should be aware of.
This was brought to our attention today through our monitoring of publicly accessible options data at Benzinga. The exact nature of these investors remains a mystery, but such a major move in ON usually indicates foreknowledge of upcoming events.
Today, Benzinga’s options scanner identified 10 options transactions for ON Semiconductor. This is an unusual occurrence. The sentiment among these large-scale traders is mixed, with 60% being bullish and 20% bearish. Of all the options we discovered, 9 are puts, valued at $352,195, and there was a single call, worth $39,500.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $70.0 to $95.0 for ON Semiconductor over the recent three months.
Analyzing Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for ON Semiconductor’s options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across ON Semiconductor’s significant trades, within a strike price range of $70.0 to $95.0, over the past month.
ON Semiconductor 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ON | PUT | SWEEP | BULLISH | 01/17/25 | $10.75 | $10.7 | $10.7 | $80.00 | $80.2K | 2.2K | 105 |
| ON | PUT | TRADE | BEARISH | 06/20/25 | $22.55 | $22.35 | $22.55 | $95.00 | $42.8K | 202 | 38 |
| ON | PUT | TRADE | NEUTRAL | 08/15/25 | $23.75 | $23.2 | $23.45 | $95.00 | $42.2K | 0 | 18 |
| ON | PUT | TRADE | NEUTRAL | 06/20/25 | $22.9 | $22.5 | $22.7 | $95.00 | $40.8K | 202 | 18 |
| ON | CALL | TRADE | BULLISH | 08/16/24 | $3.95 | $3.3 | $3.95 | $70.00 | $39.5K | 791 | 115 |
About ON Semiconductor
ON Semiconductor is a supplier of power semiconductors and sensors focused on the automotive and industrial markets. They are the second-largest power chipmaker globally and the largest supplier of image sensors to the automotive market. With a pivot towards emerging applications like electric vehicles, autonomous vehicles, industrial automation, and renewable energy, ON Semiconductor is positioned for growth.
ON Semiconductor’s Current Market Status
- Trading volume: 7,843,720
- Price: $75.88 (up 6.75%)
- RSI suggests potential overbought conditions
- Earnings release in 74 days
What The Experts Say On ON Semiconductor
Over the past month, industry analysts have shared insights with an average target price of $94.0 for ON Semiconductor.
- Deutsche Bank: Buy rating, $90 target
- Susquehanna: Positive rating, $95 target
- JP Morgan: Neutral rating, $88 target
- Truist Securities: Buy rating, $97 target
- Roth MKM: Buy rating, $100 target
Trading options involves inherent risks and potential rewards. Stay informed with real-time alerts and updates on ON Semiconductor’s options trades through Benzinga Pro. Remember, informed trading leads to smarter decisions and better outcomes. Happy investing!
