Deep-pocketed investors have adopted a bearish approach towards Danaher DHR, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in DHR usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 18 extraordinary options activities for Danaher. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 33% leaning bullish and 44% bearish. Among these notable options, 13 are puts, totaling $1,262,580, and 5 are calls, amounting to $222,084.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $150.0 to $290.0 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 425.44, with a total volume reaching 2,026.00. 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 $150.0 to $290.0, throughout the last 30 days.
Danaher Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DHR | PUT | SWEEP | BEARISH | 12/20/24 | $25.4 | $24.8 | $25.4 | $290.00 | $151.8K | 245 | 60 |
| DHR | PUT | TRADE | BULLISH | 12/20/24 | $27.4 | $24.3 | $25.55 | $290.00 | $145.6K | 245 | 117 |
| DHR | PUT | TRADE | NEUTRAL | 12/20/24 | $19.3 | $16.3 | $17.75 | $280.00 | $106.5K | 1.1K | 275 |
| DHR | PUT | TRADE | BEARISH | 12/20/24 | $19.3 | $16.4 | $18.43 | $280.00 | $105.0K | 1.1K | 332 |
| DHR | PUT | TRADE | BEARISH | 12/20/24 | $16.1 | $15.6 | $16.1 | $280.00 | $103.0K | 1.1K | 396 |
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.
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
Current Position of Danaher
- With a volume of 1,530,674, the price of DHR is down -2.38% at $265.61.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 0 days.
Professional Analyst Ratings for Danaher
A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $296.5.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * Maintaining their stance, an analyst from Evercore ISI Group continues to hold a Outperform rating for Danaher, targeting a price of $278. * In a cautious move, an analyst from Stephens & Co. downgraded its rating to Overweight, setting a price target of $315.
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.
