Danaher Unusual Options Activity For April 02

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 this is an institution or just a wealthy individual, we don't know. But when something this big happens with DHR, it often means somebody knows something is about to happen.

Today, Benzinga's options scanner spotted 16 options trades for Danaher.

This isn't normal.

The overall sentiment of these big-money traders is split between 37% bullish and 50%, bearish.

Out of all of the options we uncovered, 15 are puts, for a total amount of $1,238,077, and there was 1 call, for a total amount of $28,350.

Projected Price Targets

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 $250.0 for Danaher over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Danaher's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Danaher's whale trades within a strike price range from $210.0 to $250.0 in the last 30 days.

Danaher Option Activity Analysis: Last 30 Days

Significant Options Trades Detected:

About Danaher

In 1984, Danaher's founders transformed a real estate organization into an industrial-focused manufacturing company. Then, 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 divestiture of its environmental and applied solutions group, Veralto.

Following our analysis of the options activities associated with Danaher, we pivot to a closer look at the company's own performance.

Current Position of Danaher

• Currently trading with a volume of 461,040, the DHR's price is up by 0.5%, now at $201.4.
• RSI readings suggest the stock is currently may be approaching oversold.
• Anticipated earnings release is in 20 days.

What The Experts Say On Danaher

Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $260.0.

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. * In a positive move, an analyst from Stifel has upgraded their rating to Buy and adjusted the price target to $260.

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.