Consumer Discretionary Consumer Reference Data Updated 2026-05-31

ONON Gamma Exposure, IV Rank & Implied Volatility

On Holding AG (ONON) options data — GEX, IV rank, options chain & Greeks

ONON options trade with implied volatility typically in the 30% - 65% range, averaging N/A in daily volume with good liquidity. Next earnings: See earnings calendar. Weekly options and LEAPS are available.

IV Rank 61.1 /100
IV 42.9%
Simulated data for display · open live ONON on the platform →

An IV rank near 61.1 (the value shown here is illustrative) would mean implied volatility is in roughly the 61.1th percentile of its 1-year range — middle range, neutral on premium selling vs buying. For today's live ONON IV rank from ORATS, open the dashboard.

IV History (Simulated · Illustrative Only) Range 30.44%65.23%

Chart shows simulated data for display purposes. View the real ONON IV history on the live platform →

Comprehensive options market data for On Holding AG (ONON).

ONON Options at a Glance

Daily Volume: N/A
Bid-Ask Spread: N/A
Open Interest: N/A
IV Range: 30% - 65%
Expirations: Weekly, Monthly, LEAPS
Next Earnings: See earnings calendar
Liquidity
Good
IV Range
30% - 65%
Market Cap
$15B+
Weeklies
Yes

1 About On Holding AG (ONON)

On Holding is a Swiss performance sportswear company known for its innovative CloudTec running shoe technology. The brand has rapidly grown from running niche to mainstream lifestyle.

Company Profile

Sector Consumer Discretionary
Industry Footwear & Accessories
Market Cap $15B+
Exchange NYSE

Key Dates

Next Earnings See earnings calendar
Earnings Frequency Quarterly
Dividend Schedule See company page
Fiscal Year End December

On Holding AG operates in the Consumer Discretionary sector.

2 ONON Options Market Overview

ONON options provide good liquidity for options traders.

Average Daily Volume N/A
Total Open Interest N/A
Put/Call Ratio N/A
Typical ATM Spread N/A
Weekly Options Available
LEAPS Available Yes

Liquidity Assessment: Good

ONON options are available for trading across multiple expirations.

3 ONON Implied Volatility & IV Rank

ONON implied volatility reflects consumer spending trends and competitive dynamics. IV patterns are influenced by earnings, sales data, and consumer sentiment.

Low IV Environment
30% - 38%
Below average volatility
Typical IV Range
38% - 56%
Normal conditions
Elevated IV
56% - 65%
Above average volatility

Earnings Impact

IV typically expands before earnings and contracts after the announcement.

The post-earnings volatility drop is known as IV crush. Holders of short ONON options should also understand early assignment risk around dividends and expiration.

Historical Volatility vs IV

ONON IV generally trades near historical volatility, with premiums expanding around earnings.

Term Structure

Typically upward sloping under normal conditions.

View ONON Volatility Lab

ONON Gamma Exposure (GEX)

Gamma Exposure analysis for ONON reveals dealer hedging dynamics at key strike levels.

Typical GEX Profile: ONON tends to operate in a positive gamma environment during normal conditions.

Key Levels:

Dealer Hedging:

View Live ONON GEX

4 Common ONON Options Strategies

These are strategies commonly used by traders on ONON options, based on typical market characteristics. This is not investment advice.

Popular for ONON shareholders seeking additional income.

Vertical Spreads Directional

Defined-risk directional exposure on ONON.

Range-bound strategy for ONON between events.

Key Considerations for ONON Options

  • ONON options liquidity varies by expiration - prefer near-term and monthly expirations for tighter spreads
  • Monitor earnings dates for IV expansion/contraction patterns
  • Consider the stock's beta when sizing positions

Frequently Asked Questions: ONON Options

What is ONON's typical implied volatility?

ONON implied volatility typically ranges from 30% - 65%.

Does ONON have weekly options?

ONON offers weekly options.

What is ONON's options trading profile?

ONON (On Holding AG) options trade with good liquidity, averaging N/A in daily volume, typical bid-ask spreads of N/A. Implied volatility typically falls in the 30% - 65% range. The position sits in the Consumer Discretionary category for portfolio diversification and options strategy design.

How does ONON implied volatility behave around earnings?

IV typically expands before earnings and contracts after the announcement. Next scheduled earnings: See earnings calendar. Traders often size short premium positions for the post-earnings IV crush, while long premium buyers should be aware that the IV decline can outweigh small directional moves.

What options strategies work well on ONON?

Popular strategies on ONON options include Covered Calls, Vertical Spreads, Iron Condors. Strategy selection depends on the current IV environment versus the 30% - 65% typical range, days to next earnings, and the trader's directional outlook. Higher IV regimes favour premium-selling strategies; lower IV regimes favour directional debit spreads or long premium plays.

What is ONON's gamma exposure (GEX)?

Gamma exposure (GEX) measures how options dealers' hedging of their net gamma position can influence ONON's intraday price action. ONON tends to operate in a positive gamma environment during normal conditions. Positive GEX tends to dampen volatility and create mean-reverting moves, while negative GEX can amplify swings. View live ONON GEX levels and the gamma-flip point on ApexVol.

What is ONON's IV rank?

ONON's IV rank shows where ONON's current implied volatility sits within its trailing 1-year range, scored 0–100. A reading near 100 means IV is near its yearly high — options are relatively expensive, which favors premium-selling strategies like credit spreads and iron condors. A reading near 0 means IV is near its yearly low, favoring premium-buying. ONON implied volatility typically ranges from 30% - 65%. Check ONON's live IV rank and percentile on ApexVol's IV analytics.

AV
Written by
ApexVol Research Team
Quantitative options research
All calculations use live ORATS institutional data — the same source used by professional volatility desks.
RS
Technical reviewer
Ryan Silk, ApexVol Founder
Reviewed for technical accuracy
10+ years trading options. Built ApexVol's pricing engine, Greeks model, and IV-rank methodology.
This guide is updated as market conditions and ORATS data change. Last revised 2026-05-31. How we research →

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