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On Holding AG call volume above normal and directionally bullish

Bullish option flow detected in On Holding (ONON) AG with 8,508 calls trading, 1.5x expected, and implied vol increasing over 1 point to 41.09%. Jan-26 50 calls and Dec-25 44 puts are the most active options, with total volume in those strikes near 5,200 contracts. The Put/Call Ratio is 0.14. Earnings are expected on March 3rd.

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