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Strong VRP edge support selling premium; flat Term Structure.
ON Semiconductor (ON) operates in the Information Technology sector and has actively traded listed options. ON scores 67/100 for premium selling conditions. See Strategy Builder for the best fit.
ON Edge Score: 67/100 — moderate conditions — be selective with entries.
Consider Short Put at 37d to earnings.
Build Trade →Moderate conditions — review ranked strategies for ON.
Quantitative screening, not investment advice. Verify with your broker. Disclaimer
Edge Score = weighted composite of VRP, IV Rank, RV Regime, Earnings Proximity, Term Structure, and Liquidity. Ranges: Defensive (0–39), Selective (40–64), Favorable (65–100).IV Rank, VRP, RV Ratio, days to earnings, backwardation/contango, bid-ask spread quality
ORATS institutional options data, updated daily after market close (~6:00 PM ET)
The score reflects current market conditions and changes daily. A high score indicates favorable conditions for premium selling, not guaranteed profit. Always verify execution quality with your broker.
ON Semiconductor is trading in a normal volatility regime with an RV ratio of 0.90. The 20-day Yang-Zhang realized vol of 47.8% is roughly in line with the 60-day average of 43.3%, meaning the stock's recent price action matches historical expectations. For a information technology stock like ON, this is a neutral signal — premium sellers can participate but should be selective with sizing and strike selection.
Looking at the past 18 trading days, ON's RV ratio has been trending lower. The ratio ranged from 1.13 to 1.02, with the current reading of 0.90 near the lower end. 0 of 18 days showed seller-favorable conditions. A gradual decline is often more sustainable than a sharp drop, suggesting ON may remain in this lower-vol regime for a while.
Based on current realized volatility, traders can expect ON to move approximately ±$1.91 (3.0%) per day and ±$4.27 (6.7%) over five trading days. At a stock price of $63.37, these ranges are derived from the Yang-Zhang volatility model which accounts for overnight gaps and intraday range — more accurate than simple close-to-close calculations. Premium sellers typically place short strikes outside these 1-standard-deviation ranges to achieve approximately 68%+ probability of profit.
Current conditions on ON point toward range-bound strategies like iron condor (conservative). Normal volatility regime (ratio 0.90). Range-bound strategies with conservative sizing. Iron Condor (Conservative) benefits from time decay while defining maximum risk on both sides — a structure that suits ON's current volatility profile where directional edge is limited but overall conditions are acceptable for premium collection.
VolRadar tracks ON daily as part of the S&P 500 universe, providing Yang-Zhang (OHLC-based) realized volatility across 10, 20, and 60-day windows, RV ratio analysis, expected move calculations, and premium selling condition assessments. Note: RV values on this page use the Yang-Zhang estimator (captures overnight gaps); VRP and RV Ratio use ORATS close-to-close RV to match the IV data source. Data is updated daily after market close (~6:00 PM ET). All analysis is for educational purposes only and does not constitute financial advice. Options trading involves significant risk of loss.
More about ON
ON Semiconductor shows moderate conditions for options strategies (RV Ratio 0.90). Defined-risk strategies may be appropriate. See the Premium Selling page for the full signal breakdown or use the Strategy Builder to model different approaches.
ON Semiconductor's IV Rank is 25%, indicating relatively cheap options. While premiums are thinner, low IV can present opportunities for option buyers or for sellers who focus on probability rather than absolute premium. See the IV Analysis page for detailed breakdown.
ON Semiconductor's 5-day expected move is ±6.7% (±$4.27 from $63.37). A wide expected range reflects elevated realized volatility. See the Expected Move page for strike placement guidance and probability analysis.
ON Semiconductor shows a medium signal. The RV Ratio is 0.90, indicating moderate conditions. Premium selling strategies with defined risk are appropriate.
More analysis sections planned — Dark Pool Flow, Unusual Activity, Sector Comparison, and more.
Why two RV values? Yang-Zhang RV (47.8%, OHLC-based) captures intraday volatility, while ORATS RV (53.7%, close-to-close) uses only closing prices. For ON, YZ is lower — suggesting closing prices reflect more volatility than intraday action. VRP is computed using ORATS RV to match the IV source. Gap: 5.9pp. Full IV Analysis →
Medium — Neutral (earnings-driven edge)
EM = Price × RV₂₀d × √(t/252). Uses Yang-Zhang 20d realized volatility (not implied). ±1σ (68% confidence).
Volatility smile & skew shifts
IV curve across expirations
Strategy
P&L calculator for any strategy
Ranked strategies & selling conditions
Best CC strikes, premiums & scores
CSP → assignment → CC calculator
Early assignment probability & alerts
Flow & Events
Support & resistance from OI
IV crush & historical earnings
Price range & strike placement
Historical expected move hit rates
ON Semiconductor's volatility is measured using two key metrics. The RV Ratio compares realized volatility (ORATS HV 20d) to implied volatility (IV 30d). When the RV Ratio drops below 0.85, realized movement is well below what options are pricing — the sweet spot for premium sellers. VRP (Volatility Risk Premium) measures the gap between IV and HV in percentage points — positive VRP means options are overpriced relative to actual movement. Current RV Ratio: 0.90.
ON Semiconductor's snapshot: IV Rank 25% (low premiums), VRP +5.9pp (options overpriced), RV Ratio 0.90 (normal volatility). These three metrics work together — IV Rank shows historical context, VRP shows current overpricing, and RV Ratio shows the volatility trend. See the IV Analysis page for peer comparisons and deeper breakdown.
VolRadar provides 10 analysis pages for ON Semiconductor: Overview (this page), Premium Selling (signal and strategy verdict), VRP Analysis (volatility risk premium history), Expected Move (range and probabilities), IV Analysis (implied volatility breakdown and peer comparison), Earnings Crush (historical post-earnings IV patterns), Options Strategy Builder (18 presets + custom calculator), Covered Call Analysis (ranked by CC Score), Wheel Strategy (CSP calculator and viability), and Support & Resistance Walls (options-derived price levels).
Every options trade carries risk: undefined-risk strategies (naked puts/calls) expose you to large losses on gap moves, while defined-risk strategies cap losses but reduce premium. For ON Semiconductor, current conditions require careful selection — check the signal strength before entering positions — always size positions so no single trade risks more than 1-3% of your account. Use the Strategy Builder to model worst-case scenarios before entering.
ON Semiconductor's Volatility Risk Premium (VRP) is +5.9pp, meaning implied volatility exceeds realized volatility by that amount. A positive VRP indicates options are overpriced relative to actual stock movement — this is the statistical edge premium sellers seek.
Based on Yang-Zhang realized volatility, ON Semiconductor has a 1-day expected move of ±$1.91 (±3.0%) and a 5-day expected move of ±$4.27 (±6.7%). This means the stock is expected to trade between $59 and $68 over the next week with approximately 68% probability.