Puts Sold on Thermo Fisher (TMO)

Shares of Thermo Fisher Scientific Inc. TMO are lower on the session by 3.63%, currently trading $50.23. The stock has been struggling as of late, but the stock is currently trading above the 200-day moving average. Puts are being sold on the name today with the June $50 put sold 3,200 times on open interest of 6,420 contracts. This suggests that a long put position has been sold out of today. Put volume is running at 4.32x the daily average. Thermo Fisher Scientific Inc. is engaged in serving science. It provides analytical instruments, equipment, reagents and consumables, software and services for research, manufacturing, analysis, discovery and diagnostics.