A look at recent Danaher whale trades

Someone with a lot of money to spend has taken a bearish stance on Danaher HRD.

And retailers should know that.

We noticed this today when the big position appeared on the history of publicly available options we track here at Benzinga.

Whether it is an institution or just a wealthy individual, we don’t know. But when something this big happens with DHR, it often means someone knows something is about to happen.

Today, Benzinga’s options scanner spotted 10 options trades for Danaher.

It’s not normal.

The general sentiment of these big traders is split between 30% bullish and 70% bearish.

Among all the options we discovered, there was 1 put, for a total amount of $68,500, and 9 calls, for a total amount of $704,856.

What is the target price?

Given the volume and open interest on these contracts, it appears that whales have been targeting a price range of $160.0 to $282.5 for Danaher over the past 3 months.

Development of volume and open interest

Reviewing volume and open interest is an insightful way to perform due diligence on a security.

This data can help you track the liquidity and interest of Danaher options for a given strike price.

Below we can see the evolution of volume and open interest in calls and puts, respectively, for all of Danaher’s whale business within a strike price range of 160 $.0 to $282.5 in the last 30 days.

Danaher Options Volume and Open Interest in the Last 30 Days

The biggest options spotted:

symbol PUT/CALL Kind of trade Feeling Exp. Dated Strike price Total trade price open interest Volume
HRD CALL TRADE BEARISH 05/20/22 $280.00 $186,000 36 25
HRD CALL TRADE BEARISH 05/20/22 $280.00 $155.6,000 36 317
HRD CALL TO SWEEP UP BULLISH 05/20/22 $270.00 $93.4K 19 76
HRD TO PUT TRADE BULLISH 03/25/22 $282.50 $68.5,000 50 50
HRD CALL TRADE BEARISH 06/17/22 $160.00 $66.4,000 1 6

Where is Danaher standing now?

  • With a volume of 1,444,741, the price of DHR is up 0.75% to $268.86.
  • RSI indicators suggest that the underlying stock may be close to overbought.
  • The next results should be published in 37 days.

Options are a riskier asset than just trading stocks, but they have a higher profit potential. Serious options traders manage this risk by educating themselves daily, increasing and decreasing trades, following more than one indicator, and following the markets closely.

About Mildred B.

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