Whales with a lot of money to spend have taken a noticeably bearish stance on Danaher.
Looking at options history for Danaher DHR we detected 8 trades.
If we consider the specifics of each trade, it is accurate to state that 37% of the investors opened trades with bullish expectations and 62% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $87,035 and 5, calls, for a total amount of $279,298.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $230.0 to $265.0 for Danaher over the last 3 months.
Analyzing Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $230.0 to $265.0 in the last 30 days.
Danaher Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| DHR | CALL | SWEEP | BEARISH | 03/15/24 | $240.00 | $117.9K | 1.5K | 93 |
| DHR | CALL | SWEEP | BEARISH | 03/15/24 | $250.00 | $53.8K | 2.5K | 1.1K |
| DHR | CALL | SWEEP | BULLISH | 04/19/24 | $260.00 | $44.0K | 936 | 348 |
| DHR | PUT | SWEEP | BULLISH | 04/19/24 | $240.00 | $34.5K | 273 | 6 |
| DHR | CALL | TRADE | BEARISH | 04/26/24 | $265.00 | $34.2K | 10 | 137 |
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.
Having examined the options trading patterns of Danaher, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Where Is Danaher Standing Right Now?
- With a volume of 1,647,058, the price of DHR is down -1.07% at $250.5.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 39 days.
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 Danaher with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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