ON ON
$72.02 · scored 08:45 · fresh
Decision brief
NEUTRAL · 56/100
What changed
No prior comparable read.
Evidence is stale — treat this read cautiously.
What would change the view
composite leaves the neutral band · confidence deteriorates materially from 56/100
For the read
options volume favours puts
Against / uncertainty
open interest leans against the read · signal stability is low
The read
Neutral, moderately evidenced .
−100 bearish 0 bullish +100
+1.4 composite
Evidence
56 / 100 · top 32% today
2,627 contracts · quality 78 · stability 0.00
neutral · −2.07% · n=10,279
What traded today · weight 62%
−7.7 pts
1,150 calls · 43.8% 1,477 puts
bias −12.4 × 0.62
What’s on the books · weight 38%
+9.2 pts
18,476 call OI · 62.1% 11,299 put OI
bias +24.1 × 0.38
Equals
+1.4
46% of the score comes from today’s volume, 54% from open interest. Disagree with either?
See the method.
— price ◆ big one-day moves
NO HISTORY YET
We started scoring ON today. There’s one reading so far. The 14-day chart fills in as the hourly tape arrives. Nothing here is back-filled or guessed.
03
Should you trust it? note Some evidence, not a lot confidence 56 (68th pct) · quality 78 · 2,627 contracts
note Jumpy 0.00 vs 7-day rolling · choppiness 66
note Neutral reads make no call neutral · balanced · low liquidity → −2.07% avg, n=10,279
note Too few of our calls checked 0 closed calls on ON
04
Where the positions sit calls traded strike puts traded
Spot $72.02 highlighted. The $74 strike holds the most open interest (the “wall”, 4,502). Near-dated expiry in the mix, so OI is noisier.
We haven’t checked a call on ON yet. Each read is checked 4 hours, 1 day and 3 days after it’s made.
06
Catalysts & context EPS surprise · last 4 quarters
No reported quarters stored yet.
Street — Next report —
P/E — Beta —
52w — IV rank —
ON
Neutral, moderately evidenced .
−100 bearish 0 bullish +100
+1.4 evidence
neutral · −2.07% · n=10,279
Why it’s +1
−7.7 volume · 44% calls+9.2 OI · 62% calls
1 days · tape bars, price line
Not enough tape history to draw this yet.
Should you trust it?
note Some evidence, not a lot confidence 56 (68th pct) · quality 78 · 2,627 contracts
note Jumpy 0.00 vs 7-day rolling · choppiness 66
note Neutral reads make no call neutral · balanced · low liquidity → −2.07% avg, n=10,279
note Too few of our calls checked 0 closed calls on ON
What traded today · 62%
−7.7 pts
1,150 calls · 1,477 puts · bias −12.4
What’s on the books · 38%
+9.2 pts
18,476 call OI · 11,299 put OI · bias +24.1
— price ◆ big one-day moves
Not enough tape history to draw this yet.
The read flips to bearish composite · crosses 0
Evidence drops below 60 conf · below
Price reaches the $74 wall price · above
3 days before earnings not yet · earnings
Score moves ≥10 in a day not yet · delta
Ask about ON
Not enough tape history on ON for a weekly brief yet. Ask anything below.
Why is our ON record what it is? What’s the $74 wall?