Financial giants have made a conspicuous bullish move on Danaher. Our analysis of options history for Danaher DHR revealed 10 unusual trades.
Delving into the details, we found 70% of traders were bullish, while 30% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $133,554, and 7 were calls, valued at $402,161.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $210.0 and $270.0 for Danaher, spanning the last three 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 Danaher'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 Danaher's whale trades within a strike price range from $210.0 to $270.0 in the last 30 days.
Danaher Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| DHR | CALL | SWEEP | BEARISH | 01/19/24 | $240.00 | $111.3K | 3.5K | 1 |
| DHR | CALL | TRADE | BULLISH | 01/17/25 | $210.00 | $64.8K | 100 | 26 |
| DHR | CALL | TRADE | BULLISH | 01/17/25 | $220.00 | $64.6K | 71 | 15 |
| DHR | CALL | SWEEP | BEARISH | 03/15/24 | $240.00 | $58.0K | 932 | 271 |
| DHR | PUT | SWEEP | BULLISH | 01/12/24 | $230.00 | $57.9K | 351 | 486 |
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.
Following our analysis of the options activities associated with Danaher, we pivot to a closer look at the company's own performance.
Where Is Danaher Standing Right Now?
- With a volume of 3,827,929, the price of DHR is down -2.37% at $229.29.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 21 days.
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 Danaher with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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