ON Semiconductor enters the week after a sharp 12% sell-off, with the Street slashing price targets after earnings and options traders pivoting hard toward defensive positioning. The most striking shift this week is in options. The put/call ratio has nearly doubled in four sessions, jumping from around 0.39 before October 30 to 0.73 now, well above its 20-day average of 0.47 and…
ON put/call ratio surges to 0.71, highest level in 52 weeks, as options traders turn defensive ahead of earnings.
Key data as of 7 Nov 2026
ON put/call ratio surges to 0.71, highest level in 52 weeks, as options traders turn defensive ahead of earnings.
ON Semiconductor enters the second half of June with a split personality: short sellers are unwinding at pace, yet the options market just fired its most defensive signal in months — and the stock is sitting roughly…
Short interest updated daily, real-time options flow, analyst consensus deltas, 13F positioning, ORTEX Alpha signals, and every article ORTEX publishes for ON — free to start on ORTEX.
Sign up for free →Open ON on ORTEX