Investors with a lot of money to spend have taken a bearish stance on Danaher DHR.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with DHR, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 12 uncommon options trades for Danaher.
This isn't normal.
The overall sentiment of these big-money traders is split between 16% bullish and 58%, bearish.
Out of all of the special options we uncovered, 5 are puts, for a total amount of $225,044, and 7 are calls, for a total amount of $405,890.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $210.0 to $400.0 for Danaher over the last 3 months.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of Danaher stands at 292.7, with a total volume reaching 1,154.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Danaher, situated within the strike price corridor from $210.0 to $400.0, throughout the last 30 days.
Danaher 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DHR | CALL | SWEEP | BEARISH | 09/20/24 | $14.1 | $14.0 | $14.0 | $260.00 | $79.8K | 1.1K | 57 |
| DHR | CALL | TRADE | BEARISH | 06/20/25 | $53.2 | $51.2 | $51.2 | $230.00 | $76.8K | 32 | 0 |
| DHR | CALL | TRADE | NEUTRAL | 06/20/25 | $68.1 | $64.4 | $66.2 | $210.00 | $72.8K | 22 | 0 |
| DHR | PUT | SWEEP | BEARISH | 08/16/24 | $1.75 | $1.75 | $1.75 | $230.00 | $70.5K | 163 | 403 |
| DHR | CALL | TRADE | BEARISH | 06/20/25 | $44.9 | $43.2 | $43.5 | $240.00 | $65.2K | 63 | 15 |
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 the life science and diagnostic industries after the late 2023 divesititure of its environmental and applied solutions group, Veralto.
In light of the recent options history for Danaher, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Current Position of Danaher
- With a trading volume of 1,508,277, the price of DHR is up by 1.6%, reaching $260.9.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 50 days from now.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Danaher options trades with real-time alerts from Benzinga Pro.
© 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.
