Check Out What Whales Are Doing With ONON

Financial giants have made a conspicuous bullish move on On Holding. Our analysis of options history for On Holding ONON revealed 11 unusual trades.

Delving into the details, we found 54% of traders were bullish, while 45% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $668,379, and 8 were calls, valued at $507,188.

Latest Startup Investment Opportunities:

Expected Price Movements

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $20.0 to $40.0 for On Holding over the last 3 months.

Analyzing Volume & Open Interest

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in On Holding's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to On Holding's substantial trades, within a strike price spectrum from $20.0 to $40.0 over the preceding 30 days.

On Holding Call and Put Volume: 30-Day Overview

Largest Options Trades Observed:

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.

Following our analysis of the options activities associated with On Holding, we pivot to a closer look at the company's own performance.

Current Position of On Holding

• Currently trading with a volume of 3,053,464, the ONON's price is up by 0.62%, now at $27.7.
• RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
• Anticipated earnings release is in 69 days.

What The Experts Say On On Holding

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

• Maintaining their stance, an analyst from Stifel continues to hold a Buy rating for On Holding, targeting a 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.