High-rolling investors have positioned themselves bearish on Danaher DHR, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in DHR often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 9 options trades for Danaher. This is not a typical pattern.
The sentiment among these major traders is split, with 33% bullish and 66% bearish. Among all the options we identified, there was one put, amounting to $26,390, and 8 calls, totaling $342,939.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $95.0 to $290.0 for Danaher over the last 3 months.
Volume & Open Interest Trends
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Danaher's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Danaher's whale activity within a strike price range from $95.0 to $290.0 in the last 30 days.
Danaher Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| DHR | CALL | SWEEP | NEUTRAL | 01/17/25 | $95.00 | $96.9K | 598 | 13 |
| DHR | CALL | SWEEP | BULLISH | 04/19/24 | $260.00 | $43.3K | 206 | 116 |
| DHR | CALL | SWEEP | BULLISH | 04/19/24 | $260.00 | $42.1K | 206 | 245 |
| DHR | CALL | SWEEP | BEARISH | 09/20/24 | $130.00 | $37.4K | 3 | 9 |
| DHR | CALL | SWEEP | BEARISH | 09/20/24 | $130.00 | $37.4K | 3 | 12 |
About Danaher
In 1984, Danaher's founders transformed a real estate organization into an industrial-focused manufacturing company. Through a series of mergers, acquisitions, and divestitures, Danaher now focuses primarily on manufacturing scientific instruments and consumables in two segments--life sciences and diagnostics--after the late 2023 divesititure of its environmental and applied solutions group, Veralto.
Present Market Standing of Danaher
- With a trading volume of 853,639, the price of DHR is up by 0.14%, reaching $251.0.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 61 days from now.
Expert Opinions on Danaher
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $272.4.
- Consistent in their evaluation, an analyst from RBC Capital keeps a Outperform rating on Danaher with a target price of $282.
- An analyst from Citigroup persists with their Buy rating on Danaher, maintaining a target price of $280.
- Reflecting concerns, an analyst from Barclays lowers its rating to Equal-Weight with a new price target of $240.
- Maintaining their stance, an analyst from Keybanc continues to hold a Overweight rating for Danaher, targeting a price of $290.
- Maintaining their stance, an analyst from Raymond James continues to hold a Outperform rating for Danaher, targeting a price of $270.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Danaher, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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