O2NS34 trade ideas
$ON Buy to Open 012016 13 CallPurchased just before massive Call Sweep Volume @ .45 Near the Money Calls; Broke 52 HOY on 121416, showed strength through-after FED Hike and conditions still in a less risky range (RSI, MACD, Lack of GAPUPS). Looking to Hold for possibly week-2 while catching hopefully 2-3x more new HOY. Exit Goal; Same as all Call Options @ 400% or expiry of Wednesday - Week of Call Expiry.
$ON coiled w/ IHS on daily$ON coiled w/ inverted H&S on daily.
$592K trade seen on Oct 21 10 calls today.
Looking for a move up.
ON SEMICONDUCTOR: EXPECTING A BIG DROP ON DAILYON SEMICONDUCTOR seems in a corrective phase with more upside still possible. At the end of this correction i'm expecting a big drop with a breakout to the downside. Expected target on chart.
