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 25% bearish. Among all the options we identified, there was one put, amounting to $31,711, and 7 calls, totaling $283,768.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $27.5 to $40.0 for On Holding over the recent three months.
Volume & Open Interest Development
In today's trading context, the average open interest for options of On Holding stands at 3324.2, with a total volume reaching 2,460.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in On Holding, situated within the strike price corridor from $27.5 to $40.0, throughout the last 30 days.
On Holding Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ONON | CALL | SWEEP | BEARISH | 09/20/24 | $2.5 | $2.38 | $2.39 | $37.50 | $74.5K | 4.8K | 120 |
| ONON | CALL | TRADE | BEARISH | 01/16/26 | $12.15 | $12.05 | $12.05 | $27.50 | $48.2K | 237 | 0 |
| ONON | CALL | SWEEP | BULLISH | 01/17/25 | $3.0 | $2.96 | $3.0 | $40.00 | $36.0K | 7.5K | 696 |
| ONON | CALL | SWEEP | BULLISH | 01/17/25 | $3.15 | $2.94 | $3.0 | $40.00 | $36.0K | 7.5K | 4 |
| ONON | CALL | SWEEP | BULLISH | 01/17/25 | $3.2 | $2.94 | $3.0 | $40.00 | $32.7K | 7.5K | 374 |
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.
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.
Where Is On Holding Standing Right Now?
- Trading volume stands at 2,655,282, with ONON's price down by -2.97%, positioned at $33.0.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 6 days.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for On Holding with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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