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ON Semiconductor — Find the best options trade for ON right now
ON Semiconductor (ON) operates in the Information Technology sector and has actively traded listed options. Short Put ranks #1 — IV Rank at 25% with VRP at +5.9pp signals fair but not strong conditions. Defined-risk structures like credit spreads and iron condors fit this environment. 3 strategies are scored in the builder below. See IV Analysis for volatility depth.
Each strategy scored against ON’s current IV, VRP, and risk profile. Top pick: Short Put.
| Rank | Strategy | Risk Type | Setup | Why | |
|---|---|---|---|---|---|
| #1 | Short Put Credit $181·MaxP $154·MaxL Unlimited·RoC 2.8% | Undefined Risk | Sell $55.0P · 2026-05-15 · 40 DTE 40 DTE | RV ratio 0.90 — options overpriced. Viable short put with medium conviction. | Apply ↓ |
Build and compare options strategies with pre-filled strikes and DTE targets. See estimated profit, max loss, and breakeven points before you trade.
Compare the top-ranked strategies, then adjust strikes to match your risk tolerance.
Ranking factors: Signal match, IV environment suitability, risk/reward ratio, probability of profitIV Rank, VRP, signal strength, strategy-specific Greeks
VolRadar strategy matching engine using ORATS data
Rankings reflect current conditions and change daily. Strategy suitability depends on your risk tolerance, capital, and market outlook. Always model the trade before entering.
Live liquidity snapshot not yet available. Rankings and signal confidence do not factor in bid-ask spreads or option volume. Verify liquidity with your broker before trading. Illiquid names may have wider spreads that erode edge.
Quantitative screening, not investment advice. Verify with your broker. Disclaimer
Based on medium signal conditions, VolRadar ranks Short Put as the top strategy for ON Semiconductor. This undefined-risk strategy offers more premium but requires more capital and active position management. RV ratio 0.90 — options overpriced. Viable short put with medium conviction. For defined risk, consider Short Strangle.
ON Semiconductor's IV Rank is 25%, which means credit strategies collect thinner premiums. In low-IV environments, consider: debit strategies (long calls/puts) for directional bets at cheaper prices, or wider spread widths to collect more credit. Calendar spreads can also benefit if you expect IV to expand.
Strategy selection depends on market conditions, risk tolerance, and capital available. VolRadar analyzes ON Semiconductor's volatility regime, signal strength, and risk factors to rank strategies by suitability. Use the calculator to model any strategy with ON Semiconductor's current price pre-filled — edit strikes, premiums, and see instant payoff diagrams.
Premiums are model estimates (not live bid/ask) — verify with your broker before trading. All P/L calculations exclude commissions and fees. Actual returns may differ.
Like this strategy on ON?
The Scanner finds the best tickers for any strategy — ranked by VRP, IV Rank, and signal strength across 500+ stocks.
Moderate conditions — be selective with entries. Top pick: Short Put.IVR 25.2% (below avg) · VRP +5.9pp (earnings-driven edge)
Probability of Profit — See modeled win probability for this setup. Unlock on Starter.
Execution Score — AI-rated trade quality based on regime, IV, and structure. Unlock on Starter.
| #2 | Short Strangle Credit $314·MaxP $267·MaxL Unlimited·RoC 17.8% | Undefined Risk | Sell $55.0P / Sell $75.0C · 2026-05-15 · 40 DTE | ~$2.67 (bid) to $3.14 (mid) |
| #3 | Covered Call Credit $244·MaxP $207·MaxL $6,093·RoC 3.3% | ✓ Defined | Sell $70.0C · 2026-05-15 · 40 DTE | ~$2.07 to $2.44 (mid) |
RV ratio 0.90 — options overpriced. Viable short put with medium conviction.
#1 optimized strategy is free. Starter — $15/mo unlocks all ranked strategies with real-chain strikes, PoP, and RoC. The calculator below uses estimated strikes for modeling.
Confidence is rule-based (not ML). Thresholds with ORATS VRP data:
Strategy ranking uses signal, regime (RV Ratio), skew, and earnings proximity. Without liquidity data, signal confidence may be overstated for illiquid names.
Based on current conditions (medium signal, RV Ratio 0.90), VolRadar ranks Short Put as the top strategy for ON Semiconductor. RV ratio 0.90 — options overpriced. Viable short put with medium conviction. Alternative: Short Strangle for undefined risk preference.
Max profit on a credit spread equals the net credit received. For example, if you sell a ON put for $3.00 and buy a lower put for $1.00, your max profit is $2.00 per share ($200 per contract). The breakeven equals the short strike minus net credit. Use the calculator to model exact scenarios with ON's current price of $63.37.
In current conditions, defined-risk strategies like put spreads or iron condors are recommended for ON as they limit downside while still capturing the available premium.
18 preset strategies are available: Short Put, Covered Call, Put Credit Spread, Bear Call Spread, Iron Condor, Short Strangle, Iron Butterfly, Broken Wing Butterfly, Calendar Spread, Short Straddle, Jade Lizard, Poor Man's Covered Call, Long Call, Long Put, Bull Call Spread, Bear Put Spread, Protective Put, and Collar. Plus a custom multi-leg builder for any combination up to 4 legs with optional share positions. Each strategy shows max profit, max loss, breakeven, and probability of profit for ON Semiconductor's current price.
Liquidity determines whether theoretical premium translates into real returns. For ON Semiconductor, check bid-ask spreads, open interest, and daily volume on your target strikes before entering. Wide spreads (over 10-15% of the premium) reduce your actual credit and make adjustments harder. Multi-leg strategies like iron condors are especially sensitive — each leg's spread compounds. Start with the most liquid strikes and expirations, and always use limit orders.
Return on Capital (RoC) = net credit / capital at risk. For a ON cash-secured put at $60, RoC depends on the premium vs the full strike x 100 collateral. For spreads, RoC = credit / (spread width x 100 - credit). Higher IV environments produce better RoC. Use the calculator with ON's current price to model exact returns.