ONON - On Holding AG

On Holding AG, together with its subsidiaries, develops and distributes performance sports products under the On brand in Switzerland, the rest of Europe, the Middle East, Africa, the United States, the rest of the Americas, and the Asia-Pacific. The company offers athletic footwear, apparel, and accessories for performance running, performance outdoor, performance all day, performance training, performance tennis, and young movers. It sells its products to athletes and active customers through wholesale and direct-to-consumer channels; run specialty, general sporting goods, outdoor, luxury, street fashion, and lifestyle retailers; owned retail stores; and e-commerce platforms.

As of Jun 30, 2026: spot at $35.77, ATM IV 43.7%, max pain $37.50, net GEX -$885.4K.

Sector
Consumer Cyclical
Industry
Apparel - Footwear & Accessories
Market Cap
$12.36B
P/E Ratio
39.47
Beta
2.10
52-Week Range
31.41-55.95
CEO
Martin Hoffmann
Employees
3,963
IPO Date
Sep 15, 2021
Exchange
NYSE

What ONON Looks Like to Options Traders Today

IV rank of 29.7% is subdued relative to the 1-year history, conditions that typically favor premium-buying or long-volatility structures (debit spreads, calendar spreads, long straddles); negative net gamma exposure (-$885.4K) means dealers hedge with trend, amplifying realized volatility and accelerating directional moves; the 25-delta skew (0.018) is roughly flat across the wings.

What This Page Covers

The ONON overview links into per-metric analysis views: max pain, gamma exposure, volatility skew, expected move, options chain, open interest history, and aggregate Greeks. Microstructure data is available on short interest, short volume, fail-to-deliver, and market structure. Corporate data is on fundamentals, earnings, analyst ratings, and insider trading.

Frequently asked ONON overview questions

What is ONON?
ONON is the ticker symbol for On Holding AG, a listed security. On Holding AG, together with its subsidiaries, develops and distributes performance sports products under the On brand in Switzerland, the rest of Europe, the Middle East, Africa, the United States, the rest of the Americas, and the Asia-Pacific. The company offers athletic footwear, apparel, and accessories for performance running, performance outdoor, performance all day, performance training, performance tennis, and young movers. Listed on NYSE. ONON is the equity ticker shown on this page; equity options traders use the security for directional, volatility, and income strategies via the listed options chain.
What does the ONON options snapshot look like today?
As of Jun 30, 2026, the ONON options snapshot shows spot at $35.77, ATM IV 43.7%, IV rank 29.7%, max pain $37.50, net GEX -$885.4K, expected move 12.53%. The full options chain, Greeks by strike and expiration, per-strike open-interest distribution, dealer gamma and delta exposure, and the volatility skew surface are linked from this overview page. Each per-metric route refreshes once per trading session and reflects the most recent close-of-business listed-options state.
What are ONON's key statistics?
On Holding AG (ONON) carries a market capitalization of $12.36B, trailing P/E ratio of 39.47, beta of 2.10 relative to the broader market, 52-week range of 31.41-55.95. Full income statement, balance sheet, cash flow, and TTM ratio history is on the per-ticker fundamentals page; daily price history and 52-week levels are accessible from the same view. These structural inputs frame how the options market prices implied volatility around earnings windows and capital events.
What sector or industry does ONON belong to?
On Holding AG operates in the Consumer Cyclical sector, in the Apparel - Footwear & Accessories industry. Sector classification affects how the ticker correlates with sector ETFs, how it reacts to macro factors like rate moves and commodity prices, and how its options pricing compares to sector peers. Compare ONON's implied volatility and skew against sector benchmarks to gauge whether the options market is pricing single-name or systemic risk relative to the broader peer group.
How current is the ONON data on this page?
The options snapshot above is dated Jun 30, 2026 and refreshes once per session, with all per-strike Greeks and exposure aggregates recomputed at the daily close. Company-profile fields (sector, industry, market cap, P/E, IPO date) refresh from the vendor feed nightly. Financials and earnings refresh as 10-K and 10-Q filings are parsed (typically within several business days of the actual report). FINRA microstructure data refreshes on the source's cadence (daily for short volume, bi-monthly for short interest, weekly for the OTC volume file, twice-monthly for SEC FTD).