A whale with a lot of money to spend has taken a noticeably bullish stance on Thermo Fisher Scientific.
Looking at options history for Thermo Fisher Scientific (NYSE:TMO) we detected 10 strange trades.
If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 50% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $142,570 and 8, calls, for a total amount of $314,554.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $540.0 to $610.0 for Thermo Fisher Scientific over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $540.0 to $610.0 in the last 30 days.
Thermo Fisher Scientific Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| TMO | PUT | TRADE | NEUTRAL | 06/16/23 | $560.00 | $82.6K | 76 | 15 |
| TMO | CALL | TRADE | BEARISH | 01/20/23 | $540.00 | $68.0K | 1.0K | 10 |
| TMO | PUT | TRADE | BEARISH | 12/16/22 | $570.00 | $59.9K | 40 | 14 |
| TMO | CALL | SWEEP | BULLISH | 09/16/22 | $570.00 | $49.3K | 56 | 21 |
| TMO | CALL | SWEEP | BULLISH | 01/20/23 | $580.00 | $48.5K | 137 | 14 |
Where Is Thermo Fisher Scientific Standing Right Now?
- With a volume of 728,520, the price of TMO is down -2.77% at $559.05.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 6 days.
What The Experts Say On Thermo Fisher Scientific:
- Barclays has decided to maintain their Overweight rating on Thermo Fisher Scientific, which currently sits at a price target of $630.
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.
