ON Semiconductor Corporation
Updated

$ON Buy to Open 012016 13 Call

80
Purchased 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.
Note
After first day holding Calls are now ITM and worth .70 per.. Goal to close still @ 400% or > as RSI remains under 70 w/ 2nd new HOY made in as many days...
Note
Still holding thru healthy Consolidation and hopes of soon to come HOY and BreakOut

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