Bullish option flow detected in On Holding (ONON) AG with 5,273 calls trading, 1.8x expected, and implied vol increasing almost 2 points to 53.00%. Apr-26 35 calls and Sep-26 30 puts are the most active options, with total volume in those strikes near 2,400 contracts. The Put/Call Ratio is 0.41. Earnings are expected on May 12th.
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