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On Holding AG call volume above normal and directionally bullish

Bullish option flow detected in On Holding AG with 9,331 calls trading, 9x expected, and implied vol increasing almost 3 points to 47.96%. Jul-23 35 calls and Jul-23 34 puts are the most active options, with total volume in those strikes near 5,400 contracts. The Put/Call Ratio is 0.15. Earnings are expected on August 15th.

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