Financial giants have made a conspicuous bearish move on Danaher. Our analysis of options history for Danaher DHR revealed 9 unusual trades.
Delving into the details, we found 22% of traders were bullish, while 77% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $514,500, and 6 were calls, valued at $2,274,392.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $170.0 and $240.0 for Danaher, spanning the last three months.
Insights into Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Danaher's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Danaher's significant trades, within a strike price range of $170.0 to $240.0, over the past month.
Danaher 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| DHR | CALL | SWEEP | BEARISH | 02/16/24 | $220.00 | $658.2K | 193 | 770 |
| DHR | CALL | TRADE | BEARISH | 02/16/24 | $220.00 | $634.0K | 193 | 1.1K |
| DHR | CALL | SWEEP | BEARISH | 02/16/24 | $220.00 | $614.5K | 193 | 368 |
| DHR | PUT | TRADE | BULLISH | 06/21/24 | $240.00 | $384.0K | 503 | 15 |
| DHR | CALL | SWEEP | BEARISH | 02/16/24 | $240.00 | $309.9K | 1.1K | 28 |
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 two segments--life sciences and diagnostics--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 1,060,521, the price of DHR is up 1.15% at $229.41.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 33 days.
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.
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