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News

What the Options Market Tells Us About Danaher

Author: Benzinga Insights | June 03, 2024 03:00pm

Investors with a lot of money to spend have taken a bearish stance on Danaher (NYSE: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 these are institutions or just wealthy individuals, we don't know. But when something this big happens with DHR, it often means somebody knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 12 uncommon options trades for Danaher.

This isn't normal.

The overall sentiment of these big-money traders is split between 16% bullish and 58%, bearish.

Out of all of the special options we uncovered, 5 are puts, for a total amount of $225,044, and 7 are calls, for a total amount of $405,890.

Expected Price Movements

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $210.0 to $400.0 for Danaher over the last 3 months.

Volume & Open Interest Trends

In today's trading context, the average open interest for options of Danaher stands at 292.7, with a total volume reaching 1,154.00. 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 $210.0 to $400.0, throughout the last 30 days.

Danaher 30-Day Option Volume & Interest Snapshot

Options Call Chart

Noteworthy Options Activity:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
DHR CALL SWEEP BEARISH 09/20/24 $14.1 $14.0 $14.0 $260.00 $79.8K 1.1K 57
DHR CALL TRADE BEARISH 06/20/25 $53.2 $51.2 $51.2 $230.00 $76.8K 32 0
DHR CALL TRADE NEUTRAL 06/20/25 $68.1 $64.4 $66.2 $210.00 $72.8K 22 0
DHR PUT SWEEP BEARISH 08/16/24 $1.75 $1.75 $1.75 $230.00 $70.5K 163 403
DHR CALL TRADE BEARISH 06/20/25 $44.9 $43.2 $43.5 $240.00 $65.2K 63 15

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.

In light of the recent options history for Danaher, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Current Position of Danaher

  • With a trading volume of 1,508,277, the price of DHR is up by 1.6%, reaching $260.9.
  • Current RSI values indicate that the stock is may be approaching overbought.
  • Next earnings report is scheduled for 50 days from now.

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 Danaher options trades with real-time alerts from Benzinga Pro.

Posted In: DHR