Deep-pocketed investors have adopted a bearish approach towards Thermo Fisher Scientific TMO, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in TMO usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 8 extraordinary options activities for Thermo Fisher Scientific. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 25% leaning bullish and 50% bearish. Among these notable options, 3 are puts, totaling $378,172, and 5 are calls, amounting to $204,826.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $570.0 to $680.0 for Thermo Fisher Scientific over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
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 activity within a strike price range from $570.0 to $680.0 in the last 30 days.
Thermo Fisher Scientific Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| TMO | PUT | SWEEP | BEARISH | 01/17/25 | $49.5 | $48.0 | $49.5 | $600.00 | $257.4K | 195 | 52 |
| TMO | PUT | SWEEP | NEUTRAL | 05/10/24 | $8.3 | $8.2 | $8.2 | $572.50 | $83.7K | 0 | 0 |
| TMO | CALL | TRADE | BULLISH | 01/17/25 | $58.2 | $56.1 | $58.2 | $570.00 | $58.2K | 196 | 0 |
| TMO | CALL | SWEEP | BEARISH | 09/20/24 | $4.9 | $4.7 | $4.7 | $680.00 | $47.9K | 22 | 1 |
| TMO | PUT | TRADE | BULLISH | 05/17/24 | $11.6 | $8.2 | $9.25 | $570.00 | $37.0K | 208 | 0 |
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.
Present Market Standing of Thermo Fisher Scientific
- With a trading volume of 530,072, the price of TMO is up by 0.18%, reaching $572.76.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 89 days from now.
Professional Analyst Ratings for Thermo Fisher Scientific
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $629.0.
- An analyst from Goldman Sachs persists with their Buy rating on Thermo Fisher Scientific, maintaining a target price of $640.
- Maintaining their stance, an analyst from HSBC continues to hold a Buy rating for Thermo Fisher Scientific, targeting a price of $660.
- An analyst from Deutsche Bank has decided to maintain their Buy rating on Thermo Fisher Scientific, which currently sits at a price target of $610.
- Consistent in their evaluation, an analyst from Baird keeps a Outperform rating on Thermo Fisher Scientific with a target price of $620.
- An analyst from Barclays has decided to maintain their Equal-Weight rating on Thermo Fisher Scientific, which currently sits at a price target of $615.
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 Thermo Fisher Scientific 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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