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Commit To Buy ON Semiconductor At $33, Earn 7.8% Using Options

Investors considering a purchase of ON Semiconductor Corp (ON) shares, but tentative about paying the going market price of $56.07/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2027 put at the $33 strike, which has a bid at the time of this writing of $2.58..

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ON Semiconductor Corporation (ON)