Investors with a lot of money to spend have taken a bullish stance on Danaher DHR.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with DHR, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 8 options trades for Danaher.
This isn't normal.
The overall sentiment of these big-money traders is split between 37% bullish and 37%, bearish.
Out of all of the options we uncovered, 7 are puts, for a total amount of $747,642, and there was 1 call, for a total amount of $104,610.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $235.0 to $260.0 for Danaher over the recent three months.
Volume & Open Interest Development
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Danaher's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Danaher's significant trades, within a strike price range of $235.0 to $260.0, over the past month.
Danaher 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DHR | PUT | SWEEP | NEUTRAL | 01/17/25 | $28.9 | $28.4 | $28.43 | $260.00 | $182.8K | 1.6K | 136 |
| DHR | PUT | SWEEP | BEARISH | 01/17/25 | $29.7 | $28.3 | $28.41 | $260.00 | $154.1K | 1.6K | 72 |
| DHR | PUT | SWEEP | NEUTRAL | 01/17/25 | $19.8 | $19.5 | $19.5 | $250.00 | $152.8K | 1.9K | 80 |
| DHR | CALL | SWEEP | BEARISH | 11/29/24 | $2.1 | $1.9 | $1.9 | $235.00 | $104.6K | 557 | 551 |
| DHR | PUT | SWEEP | BULLISH | 01/17/25 | $28.9 | $28.5 | $28.5 | $260.00 | $91.5K | 1.6K | 212 |
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 the life science and diagnostic industries after the late 2023 divesititure of its environmental and applied solutions group, Veralto.
Where Is Danaher Standing Right Now?
- With a volume of 1,313,444, the price of DHR is up 0.34% at $231.63.
- RSI indicators hint that the underlying stock may be oversold.
- Next earnings are expected to be released in 69 days.
Expert Opinions on Danaher
5 market experts have recently issued ratings for this stock, with a consensus target price of $305.2.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * An analyst from RBC Capital persists with their Outperform rating on Danaher, maintaining a target price of $311. * Reflecting concerns, an analyst from Stephens & Co. lowers its rating to Overweight with a new price target of $315. * An analyst from UBS persists with their Buy rating on Danaher, maintaining a target price of $305. * An analyst from Wolfe Research upgraded its action to Outperform with a price target of $285. * Consistent in their evaluation, an analyst from Keybanc keeps a Overweight rating on Danaher with a target price of $310.
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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