Deep-pocketed investors have adopted a bearish 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 13 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 23% leaning bullish and 76% bearish. Among these notable options, 4 are puts, totaling $130,837, and 9 are calls, amounting to $691,416.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $370.0 to $600.0 for Thermo Fisher Scientific over the recent three months.
Volume & Open Interest Development
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Thermo Fisher Scientific's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Thermo Fisher Scientific's significant trades, within a strike price range of $370.0 to $600.0, over the past month.
Thermo Fisher Scientific Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| TMO | CALL | SWEEP | BULLISH | 06/21/24 | $500.00 | $180.0K | 107 | 24 |
| TMO | CALL | SWEEP | BEARISH | 03/15/24 | $470.00 | $139.4K | 52 | 96 |
| TMO | CALL | SWEEP | BEARISH | 03/15/24 | $470.00 | $101.2K | 52 | 310 |
| TMO | CALL | TRADE | BULLISH | 06/21/24 | $430.00 | $73.9K | 131 | 15 |
| TMO | CALL | SWEEP | BEARISH | 03/15/24 | $470.00 | $49.8K | 52 | 215 |
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.
Present Market Standing of Thermo Fisher Scientific
- With a volume of 775,334, the price of TMO is down -0.18% at $443.46.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 82 days.
Professional Analyst Ratings for Thermo Fisher Scientific
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $586.8.
- Consistent in their evaluation, an analyst from Morgan Stanley keeps a Overweight rating on Thermo Fisher Scientific with a target price of $600.
- Consistent in their evaluation, an analyst from Raymond James keeps a Outperform rating on Thermo Fisher Scientific with a target price of $580.
- Maintaining their stance, an analyst from Morgan Stanley continues to hold a Overweight rating for Thermo Fisher Scientific, targeting a price of $545.
- Maintaining their stance, an analyst from RBC Capital continues to hold a Outperform rating for Thermo Fisher Scientific, targeting a price of $579.
- An analyst from JP Morgan has decided to maintain their Overweight rating on Thermo Fisher Scientific, which currently sits at a price target of $630.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Thermo Fisher Scientific with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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