Puts Purchased on Thermo Fisher Scientific (TMO)

Shares of Thermo Fisher Scientific TMO are lower on the session by 1.60%, currently trading at $55.98. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages.

Options traders are buying puts on the name today. A short while ago the March 2011 $55.00 put was purchased 1,000 times, on the offer, on open interest of only 562 contracts. This signals new positioning on the name.

Overall put volume is now running at 10.22x the daily average with 87% of all puts traded being purchases on the offer.

Thermo Fisher Scientific Inc. is engaged in serving science. The company provides analytical instruments, equipment, reagents and consumables, software and services for research, manufacturing, analysis, discovery and diagnostics.