Thermo Fisher Scientific Unusual Options Activity For November 15

Investors with a lot of money to spend have taken a bullish stance on Thermo Fisher Scientific TMO.

And retail traders should know.

We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with TMO, it often means somebody knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 11 uncommon options trades for Thermo Fisher Scientific.

This isn't normal.

The overall sentiment of these big-money traders is split between 54% bullish and 45%, bearish.

Out of all of the special options we uncovered, 2 are puts, for a total amount of $98,224, and 9 are calls, for a total amount of $563,180.

Expected Price Movements

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $430.0 to $490.0 for Thermo Fisher Scientific during the past quarter.

Analyzing Volume & Open Interest

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 $430.0 to $490.0 in the last 30 days.

Thermo Fisher Scientific Call and Put Volume: 30-Day Overview

Noteworthy Options Activity:

About Thermo Fisher Scientific

Thermo Fisher Scientific sells scientific instruments and laboratory equipment, diagnostics consumables, and life science reagents. The firm operates through four segments as of mid-2023 (revenue figures include some cross-segment revenue): analytical technologies (16% of sales); specialty diagnostic products (10%); life science solutions (24%); and lab products and services, which includes CRO services (54%).

Following our analysis of the options activities associated with Thermo Fisher Scientific, we pivot to a closer look at the company's own performance.

Thermo Fisher Scientific's Current Market Status

• Currently trading with a volume of 797,999, the TMO's price is up by 2.59%, now at $471.13.
• RSI readings suggest the stock is currently may be approaching overbought.
• Anticipated earnings release is in 77 days.

Professional Analyst Ratings for Thermo Fisher Scientific

5 market experts have recently issued ratings for this stock, with a consensus target price of $560.0.

• Consistent in their evaluation, an analyst from Raymond James keeps a Outperform rating on Thermo Fisher Scientific with a target price of $515.
• Maintaining their stance, an analyst from JP Morgan continues to hold a Overweight rating for Thermo Fisher Scientific, targeting a price of $630.
• An analyst from Stifel has decided to maintain their Buy rating on Thermo Fisher Scientific, which currently sits at a price target of $530.
• An analyst from Raymond James persists with their Outperform rating on Thermo Fisher Scientific, maintaining a target price of $580.
• An analyst from Morgan Stanley has decided to maintain their Overweight rating on Thermo Fisher Scientific, which currently sits at a price target of $545.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Thermo Fisher Scientific with Benzinga Pro for real-time alerts.