Financial giants have made a conspicuous bearish move on Danaher. Our analysis of options history for Danaher DHR revealed 8 unusual trades.
Delving into the details, we found 37% of traders were bullish, while 62% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $606,648, and 2 were calls, valued at $71,750.
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 $230.0 to $250.0 for Danaher during the past quarter.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Danaher options trades today is 1055.4 with a total volume of 2,311.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Danaher's big money trades within a strike price range of $230.0 to $250.0 over the last 30 days.
Danaher Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DHR | PUT | SWEEP | BULLISH | 04/19/24 | $6.2 | $5.9 | $6.0 | $250.00 | $299.9K | 2.0K | 502 |
| DHR | PUT | SWEEP | BEARISH | 04/05/24 | $4.8 | $4.7 | $4.8 | $247.50 | $146.4K | 1.7K | 308 |
| DHR | PUT | SWEEP | BULLISH | 04/19/24 | $3.8 | $3.7 | $3.7 | $245.00 | $50.2K | 982 | 428 |
| DHR | PUT | SWEEP | BEARISH | 04/05/24 | $4.7 | $4.6 | $4.7 | $247.50 | $47.4K | 1.7K | 441 |
| DHR | CALL | SWEEP | BEARISH | 05/17/24 | $20.8 | $20.4 | $20.5 | $230.00 | $41.0K | 18 | 17 |
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.
Where Is Danaher Standing Right Now?
- With a volume of 2,445,177, the price of DHR is down -1.0% at $241.9.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 19 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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