On Holding AG (ONON)
NYSE: ONON
· Real-Time Price · USD
44.81
0.60 (1.36%)
At close: Aug 15, 2025, 11:59 AM
ONON Gamma Exposure By Expiry
The total Gamma Exposure (GEX) for ONON across all expirations is -31,243.66 shares per 1% move, with 196,453.46 from calls and 227,697.12 from puts. The put-call GEX ratio of 1.16 indicates heavy put positioning, suggesting market makers may need to buy shares on declines (supportive) and sell on rallies (resistance). The highest gamma concentration is at the Jan 16, 26 expiration with 52,564.44 net GEX, which may act as a magnet point for price action. Near-term exposure for Aug 22, 25 suggests potential support from positive gamma hedging flows.
ONON GEX Table
| Expiry Date | Call GEX | Put GEX | Net GEX | P/C GEX |
|---|---|---|---|---|
| Aug 22, 25 | 11,907.09 | -11,479.06 | 428.03 | 0.96 |
| Aug 29, 25 | 5,567.07 | -13,374.28 | -7,807.21 | 2.40 |
| Sep 5, 25 | 2,592.55 | -2,752.49 | -159.94 | 1.06 |
| Sep 12, 25 | 2,250.75 | -1,282.98 | 967.77 | 0.57 |
| Sep 19, 25 | 48,338.8 | -90,185.6 | -41,846.8 | 1.87 |
| Sep 26, 25 | 284.12 | -375.54 | -91.42 | 1.32 |
| Oct 17, 25 | 13,883.7 | -46,860.42 | -32,976.72 | 3.38 |
| Dec 19, 25 | 16,343.88 | -12,597.62 | 3,746.26 | 0.77 |
| Jan 16, 26 | 81,093.62 | -28,529.18 | 52,564.44 | 0.35 |
| Feb 20, 26 | 114.02 | -413.81 | -299.79 | 3.63 |
| Mar 20, 26 | 2,586.73 | -10,974.26 | -8,387.53 | 4.24 |
| Apr 17, 26 | 0 | 0 | 0 | n/a |
| Jun 18, 26 | 3,515.51 | -4,172.27 | -656.76 | 1.19 |
| Dec 18, 26 | 3,596.31 | -1,039.57 | 2,556.74 | 0.29 |
| Jan 15, 27 | 4,379.31 | -3,660.04 | 719.27 | 0.84 |