ON Semiconductor Corporat... (ON)

ON trades at $49.27, pinned near the near-term max pain of $50 expiring Oct 10, 2025 (6 days). Price stability likely with balanced options positioning at this level. Max pain is rising across expirations ($40-$55), reflecting growing call interest at higher strikes. Key magnetic zone at 50 where 8 expirations converge.

Max pain for ON shows an upward trend from 40 to 55, suggesting bullish positioning in longer-dated options. The 31% spread signals divergent expectations across timeframes. Levels distributed around 49.27. Strong magnetic level at 50 (8 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.