Calls Purchased on Danaher Corp. (DHR)

Shares of Danaher Corp. DHR are lower on the session by 0.31%, currently trading at $38.90. The stock has been moving largely higher over the past four weeks, but appears to have encountered resistance near $40.00. Options traders are buying calls on the name today. The August $40.00 call was purchased 2,000 times, on the offer, a short while ago; open interest on the strike is 1,546 contracts. This may be hedge buying on short shares. Call volume is now running at 2.30x 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.