Puts Sold on Danaher Corp. (DHR)

Shares of Danaher Corp. DHR are lower on the session by 0.29%, currently trading at $38.01. The stock has been moving largely lower over the past three months and is in a current technical downtrend. Options traders are selling puts on the name today, betting that DHR may be at a short-term bottom. The August $38.00 put was sold 1,200 times, near the bid, earlier in the session. Open interest on the strike is only 5 contracts, signaling new, bullish positioning on the name. Put volume is now running at 5.11x the daily average. Danaher Corporation is engaged in the design, manufacture and marketing of professional, medical, industrial, commercial and consumer products. Danaher operates in four segments: Professional Instrumentation, Medical Technologies, Industrial Technologies, and Tools & Components.