On Holding AG call volume above normal and directionally bullish

Bullish option flow detected in On Holding AG with 7,047 calls trading, 2x expected, and implied vol increasing almost 2 points to 42.82%. Oct-24 47.5 calls and 9/27 weekly 48.5 calls are the most active options, with total volume in those strikes near 2,200 contracts. The Put/Call Ratio is 0.35. Earnings are expected on November 12th.