High-rolling investors have positioned themselves bearish 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 27 options trades for On Holding. This is not a typical pattern.
The sentiment among these major traders is split, with 29% bullish and 48% bearish. Among all the options we identified, there was one put, amounting to $1,179,530, and 26 calls, totaling $6,143,706.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $42.5 to $70.0 for On Holding during the past quarter.
Volume & Open Interest Development
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for On Holding's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of On Holding's whale trades within a strike price range from $42.5 to $70.0 in the last 30 days.
On Holding Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| 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 | $10.35 | $9.7 | $10.7 | $45.00 | $2.0M | 5.9K | 1.8K |
| ONON | CALL | TRADE | BULLISH | 04/17/25 | $4.2 | $4.05 | $4.4 | $57.50 | $1.6M | 1.3K | 3.9K |
| ONON | PUT | SWEEP | BULLISH | 04/17/25 | $5.95 | $5.55 | $5.75 | $57.50 | $1.1M | 683 | 2.0K |
| ONON | CALL | TRADE | BULLISH | 01/17/25 | $5.4 | $5.2 | $5.75 | $50.00 | $1.0M | 27.8K | 4.4K |
| ONON | CALL | SWEEP | NEUTRAL | 04/17/25 | $14.1 | $13.9 | $14.0 | $42.50 | $140.1K | 189 | 524 |
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.
On Holding's Current Market Status
- With a volume of 894,174, the price of ONON is down -0.51% at $55.1.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 56 days.
What The Experts Say On On Holding
4 market experts have recently issued ratings for this stock, with a consensus target price of $66.75.
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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 UBS downgraded its action to Buy with a price target of $63. * In a cautious move, an analyst from Citigroup downgraded its rating to Neutral, setting a price target of $65. * An analyst from B of A Securities downgraded its action to Buy with a price target of $73. * Consistent in their evaluation, an analyst from TD Cowen keeps a Buy rating on On Holding with a target price of $66.
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.
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