Thermo Fisher Scientific's Options Frenzy: What You Need to Know

Author: Benzinga Insights | June 06, 2024 04:02pm

Whales with a lot of money to spend have taken a noticeably bullish stance on Thermo Fisher Scientific.

Looking at options history for Thermo Fisher Scientific (NYSE:TMO) we detected 27 trades.

If we consider the specifics of each trade, it is accurate to state that 51% of the investors opened trades with bullish expectations and 29% with bearish.

From the overall spotted trades, 24 are puts, for a total amount of $1,152,150 and 3, calls, for a total amount of $92,700.

Expected Price Movements

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $570.0 and $620.0 for Thermo Fisher Scientific, spanning the last three months.

Analyzing Volume & Open Interest

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

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 activity within a strike price range from $570.0 to $620.0 in the last 30 days.

Thermo Fisher Scientific Option Activity Analysis: Last 30 Days

Noteworthy Options Activity:

Symbol	PUT/CALL	Trade Type	Sentiment	Exp. Date	Ask	Bid	Price	Strike Price	Total Trade Price	Open Interest	Volume
TMO	PUT	TRADE	BULLISH	12/20/24	$29.9	$27.0	$27.0	$570.00	$70.2K	362	26
TMO	PUT	TRADE	BULLISH	12/20/24	$27.2	$26.5	$26.5	$570.00	$68.9K	362	202
TMO	PUT	TRADE	NEUTRAL	12/20/24	$27.1	$24.5	$26.0	$570.00	$67.6K	362	149
TMO	PUT	TRADE	BEARISH	12/20/24	$30.5	$29.7	$30.5	$580.00	$67.1K	178	122
TMO	PUT	TRADE	NEUTRAL	01/17/25	$33.8	$30.0	$31.9	$580.00	$63.8K	339	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%).

Having examined the options trading patterns of Thermo Fisher Scientific, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Current Position of Thermo Fisher Scientific

• With a volume of 698,328, the price of TMO is up 0.84% at $580.11.
• RSI indicators hint that the underlying stock may be approaching overbought.
• Next earnings are expected to be released in 48 days.

What The Experts Say On Thermo Fisher Scientific

In the last month, 1 experts released ratings on this stock with an average target price of $650.0.

• In a cautious move, an analyst from Jefferies downgraded its rating to Buy, setting a price target of $650.

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.

Posted In: TMO