ON
Options analysis and insights • Semiconductors
$58.35
ON is currently showing low IV Rank of 18.9%, presenting potential opportunities for volatility buyers. The RSI at 47 indicates neutral momentum zone. Technical analysis reveals moderate bearish trend structure with 3 aligned moving averages.
IV Rank
19%
RSI (14)
47
Trend Bias
bearish
Implied Volatility Rank
Premium cheap - favor buying
IV Rank compares current implied volatility to its 52-week range. Lower IV may present opportunities for volatility buyers.
What This Means
Low IV Rank (19%) means options are cheap relative to the past year. This can be attractive for buying options or volatility expansion plays. The bearish trend structure suggests downward pressure. Moving averages are aligned to the downside. The recommended Covered Calls strategy fits the current conditions because it aligns with the bearish trend and lower volatility environment.
Sector Context
Within the Semiconductors sector, ON trades alongside peers like MU, QCOM, AVGO. ON's IV Rank is subdued relative to the Semiconductors sector. Comparing volatility and trend structure across sector peers can reveal relative value opportunities.
Recommended Strategy
covered Call
Suitability Score
IV Rank at 19% with bearish trend. Ideal for income generation while holding shares.
Market Conditions
Trend Structure
Dealer Positioning
Frequently Asked Questions
What is ON's current IV Rank?
ON's IV Rank is currently 18.9%, which is low compared to its 52-week range.
When is ON's next earnings report?
ON does not have an imminent earnings date on the calendar.
What options strategy is best for ON right now?
Based on current market conditions, Covered Calls is the top recommendation. IV Rank at 19% with bearish trend. Ideal for income generation while holding shares.
Is ON IV high or low?
ON's 30-day implied volatility is 50.3%, with an IV Rank of 18.9%. This places current IV near the bottom of its annual range.
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