12/3/2024 -Unusual Options Activity In ON Semiconductor (ON)

$ON-Bearish flow noted in ON Semiconductor (71.19 -2.76) with 12,590 puts trading, or 2x expected. The Put/Call Ratio is 6.11, while ATM IV is up over 1 point on the day. Earnings are expected on 01/24. The Jan 10th 2025 62.00 Puts are being bought @ .55-1.70.