Investors with significant funds have taken a bullish position in Thermo Fisher Scientific TMOa development that retailers should be aware of.
This was brought to our attention today through tracking publicly available options data at Benzinga. The exact nature of these investors remains a mystery, but such a major move in the TMO usually indicates a prediction of upcoming events.
Today, Benzinga’s options scanner identified 13 options trades for Thermo Fisher Scientific. This is an unusual event. Sentiment among these broad-based traders is mixed, with 76% bullish and 23% bearish. Of all the options we discovered, 12 were puts, worth $609,406, and there was only one call, worth $26,860.
Expected price range
Based on trading activity, it appears that major investors are targeting price territory ranging from $450.0 to $590.0 for Thermo Fisher Scientific over the past three months.
Trends in volumes and open interests
Looking at volume and open interest is a smart way to conduct due diligence on a stock.
This data can help you track liquidity and interest in Thermo Fisher Scientific options for a given strike price.
Below, we can see the evolution of call and put volume and open interest respectively for all of Thermo Fisher Scientific’s whale business within a strike price range of $450.0 to $590 ,0 in the last 30 days.
Thermo Fisher Scientific options volume and open interest over the last 30 days
Largest options trades observed:
| Symbol | PUT/CALL | Type of trade | Feeling | Exp. Date | Ask | Offer | Price | Strike price | Total commercial price | Open interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| TMO | PUT | TRADE | BEARISH | 04/19/24 | $5.7 | $5.2 | $5.6 | $555.00 | $162.4K | 21 | 305 |
| TMO | PUT | SWEEP | BULLISH | 09/20/24 | $6.3 | $5.3 | $5.3 | $450.00 | $63.0K | 384 | 373 |
| TMO | PUT | SWEEP | BULLISH | 09/20/24 | $6.9 | $6.4 | $6.4 | $460.00 | $55.0K | 32 | 232 |
| TMO | PUT | SWEEP | BULLISH | 09/20/24 | $5.6 | $5.4 | $5.4 | $450.00 | $54.5K | 384 | 273 |
| TMO | PUT | SWEEP | BULLISH | 09/20/24 | $6.9 | $6.4 | $6.4 | $460.00 | $48.6K | 32 | 0 |
About Thermo Fisher Scientific
Thermo Fisher Scientific sells scientific instruments and laboratory equipment, diagnostic consumables and life science reagents. As of mid-2023, the company operates across four segments (revenue data includes some cross-sectional revenue): analytics technologies (16% of sales); specialized diagnostic products (10%); life sciences solutions (24%); and laboratory products and services, which include CRO services (54%).
Following our analysis of the options activity associated with Thermo Fisher Scientific, let’s take a closer look at the company’s performance.
Current state of the Thermo Fisher Scientific market
- Trading volume stands at 1,194,108, with TMO price down -1.63%, positioned at $565.23.
- RSI indicators show that the stock may be approaching oversold.
- Earnings announcement expected in 12 days.
What Thermo Fisher Scientific analysts say
A total of 3 professional analysts have given their opinion on this stock over the last 30 days, setting an average price target of $623.3333333333334.
- An analyst at Evercore ISI Group opted to maintain an Outperform rating on Thermo Fisher Scientific, which currently has a $610 price target.
- A Citigroup analyst downgraded its stock to Neutral with a $620 price target.
- A Goldman Sachs analyst insists on a Buy rating on Thermo Fisher Scientific, maintaining a price target of $640.
Options are a riskier asset than simply trading stocks, 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 up to date on the latest options trades for Thermo Fisher Scientific, Benzinga Pro provides real-time alerts on options trades.