Financial giants have made a conspicuous bullish move on Thermo Fisher Scientific. Our analysis of options history for Thermo Fisher Scientific TMO revealed 14 unusual trades.
Delving into the details, we found 42% of traders were bullish, while 35% showed bearish tendencies. Out of all the trades we spotted, 11 were puts, with a value of $644,483, and 3 were calls, valued at $207,360.
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 $530.0 and $570.0 for Thermo Fisher Scientific, spanning the last three months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Thermo Fisher Scientific options trades today is 408.14 with a total volume of 1,614.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Thermo Fisher Scientific's big money trades within a strike price range of $530.0 to $570.0 over the last 30 days.
Thermo Fisher Scientific Call and Put Volume: 30-Day Overview
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| TMO | PUT | SWEEP | BEARISH | 07/12/24 | $26.0 | $26.0 | $26.0 | $562.50 | $148.0K | 923 | 311 |
| TMO | PUT | TRADE | BULLISH | 01/17/25 | $52.2 | $48.9 | $48.9 | $570.00 | $122.2K | 1.0K | 0 |
| TMO | PUT | TRADE | BEARISH | 12/20/24 | $46.5 | $43.8 | $46.5 | $570.00 | $97.6K | 636 | 9 |
| TMO | CALL | TRADE | BEARISH | 01/17/25 | $50.9 | $49.0 | $49.0 | $530.00 | $88.2K | 172 | 0 |
| TMO | CALL | TRADE | BEARISH | 03/21/25 | $50.6 | $47.0 | $47.0 | $550.00 | $84.6K | 20 | 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 end-2023 (revenue figures include some cross-segment revenue): analytical technologies (17% of sales); specialty diagnostic products (10%); life science solutions (23%); 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
- Currently trading with a volume of 907,416, the TMO's price is up by 0.25%, now at $535.26.
- RSI readings suggest the stock is currently may be oversold.
- Anticipated earnings release is in 21 days.
What Analysts Are Saying About Thermo Fisher Scientific
Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $600.0.
- An analyst from Evercore ISI Group has decided to maintain their Outperform rating on Thermo Fisher Scientific, which currently sits at a price target of $600.
- Consistent in their evaluation, an analyst from Barclays keeps a Equal-Weight rating on Thermo Fisher Scientific with a target price of $600.
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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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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