Deep-pocketed investors have adopted a bullish approach towards Thermo Fisher Scientific TMO, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in TMO usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 8 extraordinary options activities for Thermo Fisher Scientific. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 50% leaning bullish and 50% bearish. Among these notable options, 2 are puts, totaling $81,925, and 6 are calls, amounting to $746,264.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $430.0 to $600.0 for Thermo Fisher Scientific during the past quarter.
Volume & Open Interest Development
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Thermo Fisher Scientific's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Thermo Fisher Scientific's substantial trades, within a strike price spectrum from $430.0 to $600.0 over the preceding 30 days.
Thermo Fisher Scientific Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| TMO | CALL | SWEEP | BEARISH | 06/21/24 | $430.00 | $227.6K | 155 | 67 |
| TMO | CALL | TRADE | BULLISH | 06/21/24 | $430.00 | $195.1K | 155 | 15 |
| TMO | CALL | TRADE | BEARISH | 06/21/24 | $430.00 | $178.7K | 155 | 15 |
| TMO | CALL | TRADE | NEUTRAL | 01/17/25 | $600.00 | $62.7K | 727 | 15 |
| TMO | PUT | SWEEP | BULLISH | 05/17/24 | $560.00 | $50.1K | 894 | 120 |
About Thermo Fisher Scientific
Thermo Fisher Scientific sells scientific instruments and laboratory equipment, diagnostics consumables, and life science reagents. The firm operates through four segments as of mid-2023 (revenue figures include some cross-segment revenue): analytical technologies (16% of sales); specialty diagnostic products (10%); life science solutions (24%); and lab products and services, which includes CRO services (54%).
In light of the recent options history for Thermo Fisher Scientific, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Where Is Thermo Fisher Scientific Standing Right Now?
- Trading volume stands at 440,202, with TMO's price up by 0.92%, positioned at $585.36.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 34 days.
What Analysts Are Saying About Thermo Fisher Scientific
In the last month, 1 experts released ratings on this stock with an average target price of $620.0.
- An analyst from Citigroup downgraded its action to Neutral with a price target of $620.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Thermo Fisher Scientific options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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