Is the Options Market Predicting a Spike in Old National Bancorp Stock?

Group 1 - The stock of Old National Bancorp (ONB) is experiencing significant attention due to high implied volatility in the options market, particularly for the Oct. 17, 2025 $45 Call option [1] - Implied volatility indicates the market's expectation of future price movement, suggesting that investors anticipate a significant change in the stock's price, potentially due to an upcoming event [2] - Old National Bancorp currently holds a Zacks Rank 3 (Hold) in the Banks – Midwest industry, which is in the top 23% of the Zacks Industry Rank, indicating a relatively stable outlook [3] Group 2 - Over the past 60 days, there has been a mixed sentiment among analysts regarding Old National Bancorp's earnings estimates, with two analysts raising their estimates while three have lowered them, resulting in a slight decrease in the Zacks Consensus Estimate from 56 cents to 55 cents per share [3] - The high implied volatility may present a trading opportunity, as seasoned options traders often seek to sell premium on options with high implied volatility, hoping that the underlying stock does not move as much as expected by expiration [4]