Danaher's Options: A Look at What the Big Money is Thinking

High-rolling investors have positioned themselves bullish on Danaher DHR, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in DHR often signals that someone has privileged information.

Today, Benzinga's options scanner spotted 13 options trades for Danaher. This is not a typical pattern.

The sentiment among these major traders is split, with 61% bullish and 38% bearish. Among all the options we identified, there was one put, amounting to $26,400, and 12 calls, totaling $9,798,273.

Predicted Price Range

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $220.0 and $240.0 for Danaher, spanning the last three months.

Analyzing Volume & Open Interest

In today's trading context, the average open interest for options of Danaher stands at 1815.33, with a total volume reaching 6,881.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Danaher, situated within the strike price corridor from $220.0 to $240.0, throughout the last 30 days.

Danaher Option Volume And Open Interest Over Last 30 Days

Largest Options Trades Observed:

About Danaher

In 1984, Danaher's founders transformed a real estate organization into an industrial-focused manufacturing company. Then, 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 divestiture of its environmental and applied solutions group, Veralto.

After a thorough review of the options trading surrounding Danaher, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Current Position of Danaher

• Currently trading with a volume of 2,405,344, the DHR's price is down by -2.51%, now at $217.16.
• RSI readings suggest the stock is currently may be approaching oversold.
• Anticipated earnings release is in 78 days.

Professional Analyst Ratings for Danaher

A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $256.6.

Unusual Options Activity Detected: Smart Money on the Move

Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * An analyst from Jefferies persists with their Buy rating on Danaher, maintaining a target price of $260. * An analyst from Baird has decided to maintain their Outperform rating on Danaher, which currently sits at a price target of $258. * Consistent in their evaluation, an analyst from Barclays keeps a Equal-Weight rating on Danaher with a target price of $240. * An analyst from Wells Fargo has decided to maintain their Equal-Weight rating on Danaher, which currently sits at a price target of $240. * An analyst from Citigroup persists with their Buy rating on Danaher, maintaining a target price of $285.

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.