Benzinga's options scanner just detected over 8 options trades for Thermo Fisher Scientific TMO summing a total amount of $407,086.
At the same time, our algo caught 3 for a total amount of 167,806.
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 $530.0 to $590.0 for Thermo Fisher Scientific during the past quarter.
Volume & Open Interest Development
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Thermo Fisher Scientific's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Thermo Fisher Scientific's substantial trades, within a strike price spectrum from $530.0 to $590.0 over the preceding 30 days.
Thermo Fisher Scientific Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| TMO | CALL | TRADE | NEUTRAL | 02/16/24 | $550.00 | $95.1K | 385 | 2 |
| TMO | CALL | TRADE | BULLISH | 02/16/24 | $590.00 | $92.1K | 456 | 305 |
| TMO | PUT | TRADE | BULLISH | 03/15/24 | $550.00 | $82.5K | 884 | 50 |
| TMO | CALL | SWEEP | BULLISH | 01/17/25 | $570.00 | $75.7K | 127 | 14 |
| TMO | PUT | TRADE | BULLISH | 03/15/24 | $530.00 | $53.4K | 332 | 55 |
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%).
After a thorough review of the options trading surrounding Thermo Fisher Scientific, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Thermo Fisher Scientific's Current Market Status
- Currently trading with a volume of 1,084,403, the TMO's price is up by 3.12%, now at $555.0.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 5 days.
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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