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On Holding AG call volume above normal and directionally bullish

Bullish option flow detected in On Holding AG with 2,878 calls trading, 1.2x expected, and implied vol increasing almost 2 points to 59.84%. Jun-24 37.5 calls and May-24 34.5 calls are the most active options, with total volume in those strikes near 870 contracts. The Put/Call Ratio is 0.42. Earnings are expected on May 14th.

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