Aug. 14 at 11:46 PM
$ON
Bearish Flow: Big hands are building short hedges on
$ON! 🎯 Notable put sweeps include
$266.2K on Sept 4
$86S and split put flow on Sept 18
$75S, signaling institutional caution into the early fall ⚡️
Profitability & Fundamentals: Semiconductor anchor pulling in
$425M+ in single-quarter free cash flow while returning
$332M to shareholders via buybacks.
Catalysts: Q3 guidance projecting
$1.65B–
$1.75B revenue with expanding gross margins up to 42%.
Technicals on the 1W view show price testing local resistance near
$83 after hitting a major structural low 📈 Failing to reclaim
$86.00 keeps the macro bear trend active for a retest of lower volume nodes 🔥
Bull Key Level:
$86.00 🐂 🔥 Bear Key Level:
$78.00 🐻 ⚠️
Targets:
$72.00 /
$65.00 💰 🍻
Why: Institutional put sweeps pressing the ask right into weekly chart resistance ⚡️
#ON #optionsflow #stockmarket #technicalanalysis #swingtrading #hovdid