Calls Purchased on ON Semiconductor Corporation (ONNN)
December 09, 2010 3:26 PM
Shares of ON Semiconductor Corporation (NASDAQ: ONNN) are lower on the session by 1.17%, currently trading at $9.30. The stock has been moving largely higher over the past four months and is currently trading well above the 50-day and 200-day moving averages.
Options traders are buying calls on the name today. A short while ago the January 2011 $9.00 call was purchased ~4,500 times, on the offer, on open interest of 4,579 contracts.
Overall call volume is now running at 7.11x the daily average with 95% of all calls traded being purchases on the offer.
ON Semiconductor Corporation is a global supplier of power, analog, digital signal processing, mixed signal, advanced logic, data management semiconductors, memory and standard semiconductor components, and integrated circuits
