ON
onsemi · Sep 17, 2026
$68.68
Shares
Hold
Price is 40% above our fair value of $49.12 (range $27.87–$77.09, 4 of 4 models).
How we value it ›Prices as of 2:49 PM ET, Sep 17. Check the live quote before you send an order.
The put
Skip
Skip the put. The money looks good, but ON swings more than it pays. Want ON? Buy shares.
If it goes against you: you buy 100 shares at $55, which after the $92 you keep works out to $54.08 a share. Below $54.08 you are down on the trade. From that day the shares take above is the one that applies.
The order, if you sell it anyway
You get$92 (limit about $0.92)
If it fallsBuy 100 shares at $55
Cash to hold$5,500
Close earlyBuy back at about $0.92 ($92)
Chance you buy the sharesabout 12 in 100
ContractON Oct 30 $55 put
ActionSell to open
In your broker app: open the stock → Trade → Options → Sell to open → pick the contract shown here.
Why skip
The put: Oct 30, $55 strike, 43 days out. Pays $92. Roughly a 12-in-100 chance you end up buying the shares.
On paper: 14% a year. That number assumes ON keeps moving like it did the past two years. Take that away and it is -7% a year. That is why we say skip.
Next earnings Nov 2, after this put ends. We never sell a put across a report.
If you already own 100 shares
Income call
For income on ON you already hold: sell the Oct 30 $90 call and take $73 now. If ON climbs to $90 by Oct 30, your 100 shares are sold at $90, so only do it if you're happy selling there.
If it climbs past $90 your 100 shares are sold at $90 and you keep the $73. That is the trade working, not a loss.
The call order
ActionSell to open
ContractON Oct 30 $90 call
You get$73 (limit about $0.73)
If it climbsYour 100 shares sell at $90
Chance your shares are soldabout 11 in 100
After removing the trend-16% a year
First take on ON. Result Oct 30. See the record
Everyone sees the same card. It is not advice for you personally. You can lose more than you collect.
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