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 97 options trades for On Holding.
This isn't normal.
The overall sentiment of these big-money traders is split between 9% bullish and 75%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $49,086, and 96, calls, for a total amount of $6,614,394.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $32.5 and $50.0 for On Holding, spanning the last three months.
Insights into Volume & Open Interest
In terms of liquidity and interest, the mean open interest for On Holding options trades today is 1906.0 with a total volume of 26,513.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for On Holding's big money trades within a strike price range of $32.5 to $50.0 over the last 30 days.
On Holding Option Activity Analysis: 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 | NEUTRAL | 01/17/25 | $23.1 | $22.95 | $23.01 | $35.00 | $230.1K | 3.0K | 551 |
| ONON | CALL | SWEEP | BEARISH | 01/17/25 | $23.0 | $22.75 | $22.75 | $35.00 | $228.5K | 3.0K | 120 |
| ONON | CALL | SWEEP | BEARISH | 01/17/25 | $23.05 | $22.85 | $22.85 | $35.00 | $185.9K | 3.0K | 425 |
| ONON | CALL | SWEEP | NEUTRAL | 07/18/25 | $16.25 | $15.95 | $16.1 | $45.00 | $128.7K | 4 | 767 |
| ONON | CALL | SWEEP | BEARISH | 07/18/25 | $12.8 | $12.65 | $12.69 | $50.00 | $126.9K | 17 | 551 |
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.
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
- Currently trading with a volume of 233,516, the ONON's price is up by 0.59%, now at $57.64.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 85 days.
What Analysts Are Saying About On Holding
Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $65.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * An analyst from Needham has revised its rating downward to Buy, adjusting the price target to $64. * An analyst from Stifel persists with their Buy rating on On Holding, maintaining a target price of $66.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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