Investors with a lot of money to spend have taken a bearish stance on On Holding ONON.
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with ONON, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 10 options trades for On Holding.
This isn't normal.
The overall sentiment of these big-money traders is split between 40% bullish and 50%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $25,915, and 9, calls, for a total amount of $424,020.
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 $30.0 to $50.0 for On Holding over the last 3 months.
Analyzing Volume & Open Interest
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 $30.0 to $50.0, over the past month.
On Holding 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ONON | CALL | TRADE | BULLISH | 01/17/25 | $4.45 | $4.3 | $4.4 | $45.00 | $110.0K | 4.9K | 622 |
| ONON | CALL | SWEEP | BEARISH | 01/17/25 | $3.0 | $2.88 | $2.88 | $50.00 | $57.6K | 32.4K | 38 |
| ONON | CALL | TRADE | BEARISH | 07/19/24 | $3.0 | $2.66 | $2.66 | $39.00 | $53.2K | 940 | 20 |
| ONON | CALL | SWEEP | BULLISH | 10/18/24 | $5.5 | $5.4 | $5.5 | $40.00 | $45.6K | 4.2K | 50 |
| ONON | CALL | TRADE | BEARISH | 10/18/24 | $13.45 | $13.0 | $13.0 | $30.00 | $39.0K | 194 | 0 |
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.
After a thorough review of the options trading surrounding On Holding, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Present Market Standing of On Holding
- Trading volume stands at 2,338,914, with ONON's price up by 3.25%, positioned at $41.67.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 26 days.
What The Experts Say On On Holding
2 market experts have recently issued ratings for this stock, with a consensus target price of $43.5.
- Maintaining their stance, an analyst from Goldman Sachs continues to hold a Buy rating for On Holding, targeting a price of $47.
- Maintaining their stance, an analyst from Morgan Stanley continues to hold a Overweight rating for On Holding, targeting a price of $40.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest On Holding options trades with real-time alerts from Benzinga Pro.
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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