Market Whales and Their Recent Bets on ON Semiconductor Options - ON Semiconductor (NASDAQ:ON)

Core Viewpoint - High-rolling investors are taking a bearish position on ON Semiconductor, indicating potential privileged information influencing their trading decisions [1] Options Activity - The sentiment among major traders is predominantly bearish, with 94% of options identified being bearish and only 0% bullish [2] - A total of 19 options trades were detected, including one put worth $29,000 and 18 calls totaling $720,645 [2] Price Target - Major market movers are focusing on a price range between $25.0 and $55.0 for ON Semiconductor over the past three months [3] Volume & Open Interest Trends - Analyzing volume and open interest provides insights into the liquidity and interest in ON Semiconductor's options, particularly within the $25.0 to $55.0 strike price range over the last 30 days [4] Significant Options Trades - Recent significant options trades include multiple bearish call trades with varying strike prices and total trade prices, indicating a cautious outlook among traders [8] Company Overview - ON Semiconductor is a leading supplier of power semiconductors and sensors, primarily serving the automotive and industrial markets, and is the second-largest power chipmaker globally [10] - The company is transitioning to focus on emerging applications such as electric vehicles, autonomous vehicles, industrial automation, and renewable energy [10] Market Standing - Analysts have set an average price target of $56.0 for ON Semiconductor, with a consistent Equal-Weight rating from Morgan Stanley [12][13] - Current trading volume stands at 967,318, with the stock price at $54.34, reflecting a slight decrease of -0.41% [15]