Whales with a lot of money to spend have taken a noticeably bearish stance on On Holding.
Looking at options history for On Holding ONON we detected 8 trades.
If we consider the specifics of each trade, it is accurate to state that 25% of the investors opened trades with bullish expectations and 75% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $228,947 and 3, calls, for a total amount of $101,550.
Latest Startup Investment Opportunities:
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $35.0 to $40.0 for On Holding during the past quarter.
Volume & Open Interest Trends
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 $35.0 to $40.0 in the last 30 days.
On Holding 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ONON | PUT | SWEEP | BEARISH | 09/20/24 | $35.00 | $55.2K | 183 | 3.1K |
| ONON | PUT | SWEEP | BULLISH | 06/21/24 | $35.00 | $45.1K | 434 | 34 |
| ONON | PUT | SWEEP | BEARISH | 09/20/24 | $35.00 | $43.8K | 183 | 1.5K |
| ONON | PUT | TRADE | BEARISH | 09/20/24 | $35.00 | $43.0K | 183 | 1.0K |
| ONON | PUT | SWEEP | BEARISH | 09/20/24 | $35.00 | $41.7K | 183 | 1.7K |
About On Holding
On Holding AG is a premium performance sports brand rooted in technology, design, and impact. Its shoes, apparel, and accessories products are designed predominantly for athletic use, casual, or leisure purposes. It does not manufacture the products or the raw materials and relies instead on third-party suppliers and contract manufacturers. Geographically, it derives a majority of its revenue from the Americas and rest from Europe, Middle East and Africa, and Asia-Pacific region.
Following our analysis of the options activities associated with On Holding, we pivot to a closer look at the company's own performance.
Present Market Standing of On Holding
- Trading volume stands at 929,841, with ONON's price up by 1.7%, positioned at $35.32.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 54 days.
Expert Opinions on On Holding
In the last month, 5 experts released ratings on this stock with an average target price of $37.0.
- An analyst from TD Cowen has decided to maintain their Outperform rating on On Holding, which currently sits at a price target of $36.
- An analyst from Telsey Advisory Group downgraded its action to Outperform with a price target of $37.
- Consistent in their evaluation, an analyst from Wedbush keeps a Outperform rating on On Holding with a target price of $38.
- An analyst from Redburn Atlantic downgraded its action to Neutral with a price target of $34.
- An analyst from Stifel has revised its rating downward to Buy, adjusting the price target to $40.
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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