Deep-pocketed investors have adopted a bearish approach towards On Holding ONON, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in ONON usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 9 extraordinary options activities for On Holding. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 44% leaning bullish and 55% bearish. Among these notable options, 2 are puts, totaling $73,755, and 7 are calls, amounting to $544,334.
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Expected Price Movements
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $22.5 and $45.0 for On Holding, spanning the last three months.
Volume & Open Interest Development
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for On Holding's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of On Holding's whale activity within a strike price range from $22.5 to $45.0 in the last 30 days.
On Holding 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ONON | CALL | SWEEP | BEARISH | 01/17/25 | $25.00 | $156.4K | 1.4K | 343 |
| ONON | CALL | SWEEP | BEARISH | 01/16/26 | $22.50 | $112.5K | 135 | 73 |
| ONON | CALL | SWEEP | BULLISH | 09/20/24 | $27.50 | $92.8K | 19 | 112 |
| ONON | CALL | SWEEP | BEARISH | 02/16/24 | $33.00 | $88.6K | 79 | 1.1K |
| ONON | PUT | SWEEP | BEARISH | 01/17/25 | $45.00 | $40.2K | 13 | 43 |
About On Holding
On Holding AG is a premium performance sports brand rooted in technology, design, and impact. Its shoe, apparel, and accessories products are designed primarily for athletic use, casual, or leisure purposes. It does not manufacture the products or the raw materials and rely instead on third-party suppliers and contract manufacturers. Geographically, it derives a majority of its revenue from North America.
Where Is On Holding Standing Right Now?
- Trading volume stands at 3,614,308, with ONON's price up by 0.91%, positioned at $32.3.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 33 days.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for On Holding, Benzinga Pro gives you real-time options trades alerts.
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