Editorial companion

What stands out

On Holding (ONON) has dropped roughly 20% so far in 2026 and now sits in a tight consolidation around $37 ahead of its Aug. 11 earnings, which is exactly what Rick Ducat walks through on Schwab Network. He lays out the chart story, the consolidation that often precedes a volatility move, and an illustrative options trade that shows how traders can define risk when a company faces an event-driven print. For investors who treat earnings as a catalyst rather than a prophecy, the clip is a clear primer on marrying technical levels with option structures.