Investors with a lot of money to spend have taken a bearish stance on Thermo Fisher Scientific (NYSE:TMO).
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 TMO, 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 18 uncommon options trades for Thermo Fisher Scientific.
This isn't normal.
The overall sentiment of these big-money traders is split between 33% bullish and 50%, bearish.
Out of all of the special options we uncovered, 16 are puts, for a total amount of $925,260, and 2 are calls, for a total amount of $135,180.
Projected Price Targets
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 $600.0 for Thermo Fisher Scientific, spanning the last three months.
Analyzing Volume & Open Interest
In today's trading context, the average open interest for options of Thermo Fisher Scientific stands at 505.11, with a total volume reaching 343.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Thermo Fisher Scientific, situated within the strike price corridor from $570.0 to $600.0, throughout the last 30 days.
Thermo Fisher Scientific Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| TMO | PUT | TRADE | BEARISH | 06/21/24 | $4.5 | $3.9 | $4.6 | $572.50 | $230.0K | 27 | 3 |
| TMO | CALL | SWEEP | BEARISH | 09/20/24 | $33.4 | $32.4 | $32.4 | $570.00 | $106.9K | 93 | 0 |
| TMO | PUT | SWEEP | BEARISH | 06/21/24 | $3.9 | $3.1 | $4.0 | $570.00 | $70.0K | 326 | 1 |
| TMO | PUT | TRADE | BEARISH | 12/20/24 | $26.3 | $23.0 | $26.3 | $570.00 | $63.1K | 769 | 20 |
| TMO | PUT | TRADE | BULLISH | 12/20/24 | $30.9 | $25.2 | $25.9 | $570.00 | $62.1K | 769 | 20 |
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%).
After a thorough review of the options trading surrounding Thermo Fisher Scientific, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Where Is Thermo Fisher Scientific Standing Right Now?
- Currently trading with a volume of 818,454, the TMO's price is down by -0.09%, now at $575.37.
- RSI readings suggest the stock is currently may be approaching oversold.
- Anticipated earnings release is in 42 days.
What Analysts Are Saying About Thermo Fisher Scientific
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $650.0.
- An analyst from Jefferies downgraded its action to Buy with 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.