Financial giants have made a conspicuous bullish move on Thermo Fisher Scientific. Our analysis of options history for Thermo Fisher Scientific TMO revealed 10 unusual trades.
Delving into the details, we found 50% of traders were bullish, while 50% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $399,688, and 5 were calls, valued at $379,940.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $530.0 to $560.0 for Thermo Fisher Scientific during the past quarter.
Insights into Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Thermo Fisher Scientific's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Thermo Fisher Scientific's significant trades, within a strike price range of $530.0 to $560.0, over the past month.
Thermo Fisher Scientific 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| TMO | CALL | TRADE | BEARISH | 05/24/24 | $12.4 | $11.6 | $11.65 | $560.00 | $246.9K | 0 | 212 |
| TMO | PUT | SWEEP | NEUTRAL | 09/20/24 | $39.9 | $39.2 | $39.79 | $560.00 | $203.1K | 135 | 19 |
| TMO | PUT | SWEEP | NEUTRAL | 04/26/24 | $22.2 | $17.2 | $19.71 | $545.00 | $59.1K | 100 | 0 |
| TMO | PUT | SWEEP | NEUTRAL | 04/26/24 | $14.3 | $10.0 | $12.13 | $530.00 | $54.5K | 99 | 0 |
| TMO | PUT | TRADE | BULLISH | 09/20/24 | $40.0 | $39.8 | $39.8 | $560.00 | $51.7K | 135 | 0 |
About Thermo Fisher Scientific
Thermo Fisher Scientific sells scientific instruments and laboratory equipment, diagnostics consumables, and life science reagents. The firm operates through four segments as of mid-2023 (revenue figures include some cross-segment revenue): analytical technologies (16% of sales); specialty diagnostic products (10%); life science solutions (24%); and lab products and services, which includes CRO services (54%).
Present Market Standing of Thermo Fisher Scientific
- Currently trading with a volume of 2,075,671, the TMO's price is down by -1.05%, now at $541.52.
- RSI readings suggest the stock is currently may be oversold.
- Anticipated earnings release is in 6 days.
Professional Analyst Ratings for Thermo Fisher Scientific
A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $636.6666666666666.
- Consistent in their evaluation, an analyst from HSBC keeps a Buy rating on Thermo Fisher Scientific with a target price of $660.
- Consistent in their evaluation, an analyst from Evercore ISI Group keeps a Outperform rating on Thermo Fisher Scientific with a target price of $610.
- Maintaining their stance, an analyst from Goldman Sachs continues to hold a Buy rating for Thermo Fisher Scientific, targeting a price of $640.
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 Thermo Fisher Scientific with Benzinga Pro for real-time alerts.
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