Investors with a lot of money to spend have taken a bullish stance on Thermo Fisher Scientific TMO.
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 TMO, 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 10 uncommon options trades for Thermo Fisher Scientific.
This isn't normal.
The overall sentiment of these big-money traders is split between 50% bullish and 40%, bearish.
Out of all of the special options we uncovered, 6 are puts, for a total amount of $270,639, and 4 are calls, for a total amount of $322,121.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $520.0 to $600.0 for Thermo Fisher Scientific over the recent three months.
Analyzing Volume & Open Interest
In today's trading context, the average open interest for options of Thermo Fisher Scientific stands at 263.33, with a total volume reaching 63.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Thermo Fisher Scientific, situated within the strike price corridor from $520.0 to $600.0, throughout the last 30 days.
Thermo Fisher Scientific Option Volume And Open Interest Over Last 30 Days
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 | BULLISH | 01/16/26 | $96.5 | $91.6 | $96.5 | $520.00 | $193.0K | 7 | 0 |
| TMO | PUT | SWEEP | BULLISH | 01/17/25 | $41.4 | $41.3 | $41.3 | $580.00 | $78.4K | 723 | 0 |
| TMO | CALL | TRADE | NEUTRAL | 03/21/25 | $30.0 | $28.0 | $29.09 | $590.00 | $69.8K | 79 | 9 |
| TMO | PUT | TRADE | BULLISH | 08/16/24 | $19.7 | $19.2 | $19.2 | $560.00 | $46.0K | 41 | 0 |
| TMO | PUT | TRADE | BULLISH | 12/20/24 | $44.7 | $37.4 | $39.9 | $580.00 | $39.9K | 634 | 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 end-2023 (revenue figures include some cross-segment revenue): analytical technologies (17% of sales); specialty diagnostic products (10%); life science solutions (23%); and lab products and services, which includes CRO services (54%).
Having examined the options trading patterns of Thermo Fisher Scientific, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Current Position of Thermo Fisher Scientific
- With a trading volume of 873,243, the price of TMO is down by -2.14%, reaching $541.17.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 23 days from now.
Expert Opinions on Thermo Fisher Scientific
In the last month, 2 experts released ratings on this stock with an average target price of $625.0.
- Consistent in their evaluation, an analyst from Barclays keeps a Equal-Weight rating on Thermo Fisher Scientific with a target price of $600.
- In a cautious move, an analyst from Jefferies downgraded its rating to Buy, setting a price target of $650.
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 Thermo Fisher Scientific, 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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