Understanding On Holding's Options Trading Landscape
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Understanding On Holding's Options Trading Landscape
Investors are showing a bullish stance towards On Holding (NYSE: ONON), a trend that retail traders should closely monitor. Recent activity reveals a significant uptick in options trading, which could signal that major investors expect notable price movements for the stock.
Today’s options tracking revealed a total of 10 trades for On Holding, a figure that stands out given the typical trading patterns. The speculation among large investors is intriguing, reflecting a notable division in sentiment.
Investor Sentiment Overview
The options activity indicates a mixed sentiment among traders: 50% of options are bullish while 40% are bearish. Notably, the trades consist of one put option valued at approximately $40,586 and nine call options that together sum up to $464,222.
Price Target Insights
By analyzing the volume and open interest of these options contracts, it appears that market players are targeting a price range between $30.00 and $55.00 for On Holding in the near future. This range reflects the collective anticipation surrounding the stock amid its recent fluctuations.
Trends in Volume and Open Interest
Today's mean open interest for On Holding's options is about 1,676.4, with a total trading volume hitting 10,070. This indicates robust market engagement, suggesting that both speculative and informed traders are actively participating in these transactions.
Snapshot of Recent Options Activity
Highlighted trading activity over the past 30 days reveals critical insights into the dynamics surrounding On Holding. Investors have showcased heightened interest, particularly in trades where the strike price aligns with the $30.00 to $55.00 range.
Key Trades Under Investigation
A comprehensive examination of the major options trades lays bare the following:
- Symbol: ONON, Type: CALL, Trade: TRADE, Sentiment: BULLISH, Exp. Date: 09/20/24, Price: $15.85, Total Trade Price: $79.2K, Open Interest: 725, Volume: 100.
- Symbol: ONON, Type: CALL, Trade: SWEEP, Sentiment: BULLISH, Exp. Date: 10/18/24, Price: $1.34, Total Trade Price: $66.7K, Open Interest: 3.8K, Volume: 1.5K.
- Symbol: ONON, Type: CALL, Trade: SWEEP, Sentiment: BEARISH, Exp. Date: 10/18/24, Price: $1.29, Total Trade Price: $64.1K, Open Interest: 3.8K, Volume: 2.6K.
- Symbol: ONON, Type: CALL, Trade: SWEEP, Sentiment: BULLISH, Exp. Date: 10/18/24, Price: $1.04, Total Trade Price: $52.0K, Open Interest: 3.8K, Volume: 2.1K.
About On Holding AG
On Holding AG stands as a prominent brand in the performance sports sector, combining cutting-edge technology with stylish design to produce footwear and apparel tailored mainly for athletes and leisure use. While On Holding itself does not manufacture its goods, it relies on third-party suppliers to deliver quality products that appeal to a global market.
Current Market Overview
In terms of market performance, On Holding's stock shows promising signs. With a trading volume of over 3.2 million shares, ONON has experienced a slight increase of 1.61%, currently priced at $45.99. Analysts suggest that the stock may be nearing overbought territory, urging vigilance among prospective investors.
Analyst Insights and Ratings
Evaluations from five analysts have yielded an average price target of $49.2 for the stock. Ratings out of this assessment include:
- TD Cowen maintains a Buy rating with a target of $50.
- Truist Securities keeps a Buy rating, aiming for $51.
- Morgan Stanley positions On Holding as Overweight with a target of $46.
- Barclays reflects optimism with an Overweight rating and a target of $47.
- Piper Sandler recently adjusted their outlook to Overweight, setting a price target of $52.
Conclusion on Options Trading
Options trading reveals considerable potential, inviting both risk and reward. Savvy traders remain informed about market shifts, continuously adapting strategies while cultivating a well-rounded understanding of various indicators.
Frequently Asked Questions
What recent activity has been observed with On Holding options?
Recent tracking shows a surge of options trades for On Holding, indicating high investor interest.
What are analysts predicting for On Holding’s stock price?
Analysts currently have an average price target of $49.2, reflecting optimism about its market position.
What does the current trading volume indicate?
The trading volume of On Holding indicates strong market engagement, suggesting a variety of market perspectives.
What is On Holding’s market focus?
On Holding specializes in performance sports apparel and relies on third-party suppliers for production.
How do traders manage the risks associated with options trading?
Traders mitigate risks by continuously educating themselves and adapting their strategies within the ever-changing market landscape.
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Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.
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