Is the Options Market Predicting a Spike in ON Semiconductor (ON) Stock?

Group 1 - Investors in ON Semiconductor Corporation (ON) should monitor the stock due to significant activity in the options market, particularly the March 21, 2025 $30 Call, which has high implied volatility [1] - Implied volatility indicates the market's expectation of future price movement, suggesting that investors anticipate a significant price change or an upcoming event that could lead to a major rally or sell-off [2] - Currently, ON Semiconductor holds a Zacks Rank 5 (Strong Sell) in the Semiconductor - Analog and Mixed industry, which is in the bottom 20% of the Zacks Industry Rank, with no analysts increasing earnings estimates and 12 analysts reducing them, leading to a drop in the consensus estimate from 95 cents to 51 cents per share [3] Group 2 - The high implied volatility for ON Semiconductor may indicate a developing trading opportunity, as options traders often seek to sell premium on options with high implied volatility to capture decay, hoping the stock does not move as much as expected by expiration [4]