Notable Put Options Activity in ON Semiconductor
Shares of ON Semiconductor (NASDAQ: ONNN) are higher on the session by 0.20%, currently trading at $7.54. The stock has been moving largely higher over the past week and is currently trading above the 50-day moving average.
Options traders are focusing on puts today. The strike seeing the heaviest action is the January 2012 $5.00 put, which has traded 16,000 times on open interest of 17,654 contracts.
Put volume is outpacing call volume by 170 to 1.
ON Semiconductor Corporation is a supplier of silicon solutions for energy electronics. The company designs, manufactures and markets a portfolio of semiconductor components.
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