Financial giants have made a conspicuous bearish move on Danaher. Our analysis of options history for Danaher DHR revealed 9 unusual trades.
Delving into the details, we found 11% of traders were bullish, while 66% showed bearish tendencies. Out of all the trades we spotted, 7 were puts, with a value of $476,882, and 2 were calls, valued at $68,240.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $195.0 and $250.0 for Danaher, spanning the last three months.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for Danaher options trades today is 1173.5 with a total volume of 442.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Danaher's big money trades within a strike price range of $195.0 to $250.0 over the last 30 days.
Danaher Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DHR | PUT | SWEEP | BEARISH | 01/17/25 | $14.6 | $14.1 | $14.6 | $230.00 | $102.2K | 1.0K | 0 |
| DHR | PUT | SWEEP | BEARISH | 01/17/25 | $14.6 | $14.3 | $14.6 | $230.00 | $87.6K | 1.0K | 132 |
| DHR | PUT | SWEEP | BEARISH | 01/17/25 | $14.7 | $14.4 | $14.7 | $230.00 | $74.9K | 1.0K | 183 |
| DHR | PUT | SWEEP | BEARISH | 01/17/25 | $14.6 | $14.3 | $14.6 | $230.00 | $74.4K | 1.0K | 183 |
| DHR | PUT | SWEEP | BEARISH | 01/17/25 | $11.1 | $10.9 | $11.1 | $220.00 | $56.6K | 475 | 1 |
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
Danaher's Current Market Status
- Currently trading with a volume of 831,348, the DHR's price is up by 0.18%, now at $235.93.
- RSI readings suggest the stock is currently may be approaching oversold.
- Anticipated earnings release is in 1 days.
What The Experts Say On Danaher
Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $270.0.
- An analyst from Barclays has decided to maintain their Equal-Weight rating on Danaher, which currently sits at a price target of $260.
- In a positive move, an analyst from HSBC has upgraded their rating to Buy and adjusted the price target to $280.
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.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
