Power Plays New Idea: ONON
February 6, 2024

By Scott Redler

Name: On Holdings

Ticker: ONON

Price: $27.84

Needs to Hold: $24 to $25.50

Price Objective 1: $31 to $33

Price Objective 2: N/A

On Holdings (ONON) is well off the highs and has a nice tight pattern that looks ready to resolve to the upside.

If it can clear $28.10 with authority, the door opens to the $31 to $33 area.

So we are making it our newest Power Play.

As a bonus idea, I am also adding the ONON March 22 $30 calls to Power Plays, which expire the day after earnings.


Scott Redler Positions Disclosure as of 2024-02-06 at 12.17.50 PM