A whale with a lot of money to spend has taken a noticeably bullish stance on Thermo Fisher Scientific.
Looking at options history for Thermo Fisher Scientific TMO we detected 13 strange trades.
If we consider the specifics of each trade, it is accurate to state that 53% of the investors opened trades with bullish expectations and 46% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $346,950 and 10, calls, for a total amount of $445,072.
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 $520.0 to $630.0 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 688.91 with a total volume of 644.00.
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 $520.0 to $630.0 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 | TRADE | BULLISH | 01/19/24 | $560.00 | $276.0K | 348 | 80 |
| TMO | CALL | TRADE | BEARISH | 04/28/23 | $570.00 | $91.7K | 36 | 0 |
| TMO | CALL | TRADE | BULLISH | 06/16/23 | $560.00 | $60.4K | 319 | 82 |
| TMO | CALL | SWEEP | BEARISH | 04/21/23 | $600.00 | $48.7K | 4.7K | 252 |
| TMO | CALL | TRADE | BULLISH | 05/12/23 | $580.00 | $45.4K | 0 | 20 |
Where Is Thermo Fisher Scientific Standing Right Now?
- With a volume of 674,654, the price of TMO is up 2.15% at $591.79.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 13 days.
What The Experts Say On Thermo Fisher Scientific:
- Evercore ISI Group has decided to maintain their Outperform rating on Thermo Fisher Scientific, which currently sits at a price target of $610.
- Barclays has decided to maintain their Overweight rating on Thermo Fisher Scientific, which currently sits at a price target of $625.
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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