A whale with a lot of money to spend has taken a noticeably bearish stance on Thermo Fisher Scientific.
Looking at options history for Thermo Fisher Scientific TMO we detected 10 strange trades.
If we consider the specifics of each trade, it is accurate to state that 20% of the investors opened trades with bullish expectations and 80% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $1,184,750 and 7, calls, for a total amount of $351,613.
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 $180.0 to $720.0 for Thermo Fisher Scientific over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Thermo Fisher Scientific options trades today is 474.38 with a total volume of 137.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Thermo Fisher Scientific's big money trades within a strike price range of $180.0 to $720.0 over the last 30 days.
Thermo Fisher Scientific Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| TMO | PUT | SWEEP | BEARISH | 06/17/22 | $550.00 | $1.0M | 1.0K | 0 |
| TMO | CALL | SWEEP | BEARISH | 01/21/22 | $640.00 | $124.2K | 1.0K | 55 |
| TMO | CALL | TRADE | BEARISH | 01/21/22 | $360.00 | $60.0K | 141 | 2 |
| TMO | CALL | TRADE | BULLISH | 01/21/22 | $180.00 | $48.6K | 1 | 0 |
| TMO | PUT | TRADE | BEARISH | 01/21/22 | $700.00 | $44.0K | 29 | 10 |
Where Is Thermo Fisher Scientific Standing Right Now?
- With a volume of 206,670, the price of TMO is down -0.63% at $658.02.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 34 days.
What The Experts Say On Thermo Fisher Scientific:
- Wells Fargo has decided to maintain their Equal-Weight rating on Thermo Fisher Scientific, which currently sits at a price target of $700.
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.
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