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 16 strange trades.
If we consider the specifics of each trade, it is accurate to state that 37% of the investors opened trades with bullish expectations and 62% with bearish.
From the overall spotted trades, 13 are puts, for a total amount of $628,600 and 3, calls, for a total amount of $83,175.
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 $550.0 to $630.0 for Thermo Fisher Scientific 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 Thermo Fisher Scientific'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 Thermo Fisher Scientific's whale trades within a strike price range from $550.0 to $630.0 in 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 | TRADE | BEARISH | 12/15/23 | $560.00 | $65.5K | 144 | 83 |
| TMO | PUT | TRADE | BEARISH | 12/15/23 | $560.00 | $65.3K | 144 | 51 |
| TMO | PUT | TRADE | NEUTRAL | 12/15/23 | $560.00 | $65.3K | 144 | 14 |
| TMO | PUT | TRADE | NEUTRAL | 12/15/23 | $560.00 | $60.5K | 144 | 51 |
| TMO | PUT | TRADE | BEARISH | 12/15/23 | $560.00 | $60.1K | 144 | 37 |
Where Is Thermo Fisher Scientific Standing Right Now?
- With a volume of 391,017, the price of TMO is down -0.54% at $543.43.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 80 days.
What The Experts Say On Thermo Fisher Scientific:
- RBC Capital has decided to maintain their Outperform rating on Thermo Fisher Scientific, which currently sits at a price target of $662.
- Barclays has decided to maintain their Overweight rating on Thermo Fisher Scientific, which currently sits at a price target of $610.
- TD Cowen has decided to maintain their Outperform rating on Thermo Fisher Scientific, which currently sits at a price target of $693.
- Baird has decided to maintain their Outperform rating on Thermo Fisher Scientific, which currently sits at a price target of $670.
- Citigroup has decided to maintain their Buy rating on Thermo Fisher Scientific, which currently sits at 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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