Whales with a lot of money to spend have taken a noticeably bullish stance on Danaher.
Looking at options history for Danaher DHR we detected 12 trades.
If we consider the specifics of each trade, it is accurate to state that 66% of the investors opened trades with bullish expectations and 33% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $140,215 and 10, calls, for a total amount of $540,890.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $95.0 to $310.0 for Danaher during the past quarter.
Volume & Open Interest Trends
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Danaher's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Danaher's substantial trades, within a strike price spectrum from $95.0 to $310.0 over the preceding 30 days.
Danaher 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| DHR | CALL | SWEEP | BULLISH | 01/17/25 | $100.00 | $105.1K | 24 | 16 |
| DHR | CALL | TRADE | BULLISH | 03/15/24 | $260.00 | $87.5K | 4.3K | 1.5K |
| DHR | PUT | SWEEP | BEARISH | 04/19/24 | $260.00 | $82.7K | 9 | 1 |
| DHR | CALL | TRADE | BULLISH | 01/17/25 | $100.00 | $75.0K | 24 | 23 |
| DHR | PUT | TRADE | BEARISH | 04/19/24 | $260.00 | $57.4K | 9 | 80 |
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.
Having examined the options trading patterns of Danaher, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Present Market Standing of Danaher
- With a volume of 1,300,680, the price of DHR is up 0.1% at $241.77.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 69 days.
Professional Analyst Ratings for Danaher
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $272.4.
- Consistent in their evaluation, an analyst from Citigroup keeps a Buy rating on Danaher with a target price of $280.
- Maintaining their stance, an analyst from Raymond James continues to hold a Outperform rating for Danaher, targeting a price of $270.
- Reflecting concerns, an analyst from Barclays lowers its rating to Equal-Weight with a new price target of $240.
- An analyst from Keybanc persists with their Overweight rating on Danaher, maintaining a target price of $290.
- Maintaining their stance, an analyst from RBC Capital continues to hold a Outperform rating for Danaher, targeting a price of $282.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Danaher options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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