This is the molecular orbital diagram for nitric oxide:
Now, we know that nitric oxide can dimerize. However, why does nitric oxide dimerize as to form an N-N$\ce{N-N}$ bond? Why not an O-O$\ce{O-O}$ bond? Wouldn't the lone electron be more likely "possessed" by the oxygen since oxygen is more electronegative (if we were to step away from molecular orbital theory for a second).
Is this a Coulombic effect? Oxygen, by nature of being more electronegative, attracts more electron density to itself. This in turn would weaken any hypothetical O-O$\ce{O-O}$ bond due to electron-electron repulsions.