20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
Whales with a lot of money to spend have taken a noticeably bearish stance on ON Semiconductor.
Looking at options history for ON Semiconductor (NASDAQ:ON) we detected 30 trades.
If we consider the specifics of each trade, it is accurate to state that 40% of the investors opened trades with bullish expectations and 56% with bearish.
From the overall spotted trades, 18 are puts, for a total amount of $1,008,096 and 12, calls, for a total amount of $870,652.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $55.0 and $110.0 for ON Semiconductor, spanning the last three months.
Volume & Open Interest Trends
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in ON Semiconductor's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to ON Semiconductor's substantial trades, within a strike price spectrum from $55.0 to $110.0 over the preceding 30 days.
ON Semiconductor 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ON | CALL | SWEEP | BEARISH | 06/20/25 | $14.45 | $14.0 | $14.0 | $70.00 | $369.6K | 118 | 264 |
| ON | PUT | TRADE | BEARISH | 05/03/24 | $1.93 | $1.83 | $1.92 | $65.00 | $268.8K | 533 | 30 |
| ON | PUT | SWEEP | BULLISH | 05/03/24 | $2.06 | $1.97 | $1.97 | $65.00 | $110.3K | 533 | 2.6K |
| ON | PUT | SWEEP | BULLISH | 05/17/24 | $2.35 | $2.28 | $2.28 | $65.00 | $91.2K | 2.0K | 530 |
| ON | CALL | SWEEP | BEARISH | 06/21/24 | $1.58 | $1.48 | $1.48 | $80.00 | $73.9K | 1.4K | 577 |
About ON Semiconductor
Onsemi is a supplier of power semiconductors and sensors focused on the automotive and industrial markets. Onsemi is the second-largest power chipmaker in the world and the largest supplier of image sensors to the automotive market. While the firm used to be highly vertically integrated, it now pursues a hybrid manufacturing strategy for flexible capacity. Onsemi is pivoting to focus on emerging applications like electric vehicles, autonomous vehicles, industrial automation, and renewable energy.
In light of the recent options history for ON Semiconductor, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Current Position of ON Semiconductor
- Currently trading with a volume of 9,943,726, the ON's price is up by 2.49%, now at $68.03.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 3 days.
What Analysts Are Saying About ON Semiconductor
In the last month, 5 experts released ratings on this stock with an average target price of $83.2.
- An analyst from Stifel has decided to maintain their Hold rating on ON Semiconductor, which currently sits at a price target of $72.
- Reflecting concerns, an analyst from Exane BNP Paribas lowers its rating to Underperform with a new price target of $55.
- Maintaining their stance, an analyst from Wells Fargo continues to hold a Overweight rating for ON Semiconductor, targeting a price of $95.
- In a cautious move, an analyst from Evercore ISI Group downgraded its rating to Outperform, setting a price target of $104.
- An analyst from Susquehanna persists with their Positive rating on ON Semiconductor, maintaining a target price of $90.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for ON Semiconductor with Benzinga Pro for real-time alerts.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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