Big Players' Recent Trades in ONON Options

High-rolling investors have positioned themselves bullish on On Holding ONON, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in ONON often signals that someone has privileged information.

Today, Benzinga's options scanner spotted 8 options trades for On Holding. This is not a typical pattern.

The sentiment among these major traders is split, with 62% bullish and 37% bearish. Among all the options we identified, there was one put, amounting to $65,520, and 7 calls, totaling $344,160.

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Projected Price Targets

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $25.0 to $35.0 for On Holding during the past quarter.

Volume & Open Interest Development

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for On Holding's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across On Holding's significant trades, within a strike price range of $25.0 to $35.0, over the past month.

On Holding Option Activity Analysis: Last 30 Days

Significant Options Trades Detected:

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 $120.2K 720 3
ONON PUT SWEEP BULLISH 01/19/24 $31.00 $65.5K 157 160
ONON CALL SWEEP BULLISH 01/12/24 $28.50 $46.1K 243 28
ONON CALL SWEEP BULLISH 07/19/24 $35.00 $36.2K 7.0K 441
ONON CALL TRADE BULLISH 07/19/24 $35.00 $36.2K 7.0K 643

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.

In light of the recent options history for On Holding, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Present Market Standing of On Holding

  • With a volume of 1,713,971, the price of ONON is up 2.25% at $26.86.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 74 days.

Expert Opinions on On Holding

In the last month, 1 experts released ratings on this stock with an average target price of $40.0.

  • An analyst from Stifel persists with their Buy rating on On Holding, maintaining a target price of $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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ONONOn Holding AG
$52.30-6.15%

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