Thermo Fisher Scientific Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Thermo Fisher Scientific (NYSE:TMO) has seen unusual options activity, with a mix of bullish and bearish trades. Analysis of 11 trades shows a slight majority of bullish sentiment, with 54% of traders betting on the upside. The options trades suggest a target price range of $220 to $670 over the next three months. Notable trades include bullish calls for January 2024 and 2025 expirations, and bearish puts for February 2024. Thermo Fisher operates in four segments, with lab products and services being the largest. The stock is slightly up with a potential overbought RSI, and earnings are expected in 27 days.
January 04, 2024 | 8:49 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Thermo Fisher Scientific has experienced unusual options activity indicating mixed sentiment but a slight bullish majority. The stock is currently trading up and may be approaching overbought territory, with earnings expected soon.
The unusual options activity, with a higher number of calls than puts and a bullish sentiment on significant trades, suggests a positive outlook among investors, which could lead to a short-term increase in TMO's stock price. However, the potential overbought RSI indicates that the stock might face resistance going higher in the short term. The upcoming earnings release adds to the relevance and importance of this information for investors.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100