9/19/2024- Unusual Options Activity In ON Semiconductor Corporation (ON)

$ON- Bearish flow noted in ON Semiconductor (69.97 -3.38) with 14,515 puts trading, or 7x expected. The Put/Call Ratio is 2.65, while ATM IV is up over 1 point on the day. Earnings are expected on 10/25. The NOV 15th 55.00 Puts are being bought @ .95- 1.00