Thermo Fisher Scientific Inc (TMO) $36.55 +4.02%

Thermo Fischer Scientific (TMO) Shares of the medical equipment and healthcare software maker are up some $2 or 5.6% to $37 a share on no apparent news. Options have already traded 4X the daily average with nearly all the volume focused in the June $35 puts. The June $35 puts have traded 3282 contracts against prior open interest of 2653 in the strike. Nearly 90% of the volume was done at the bid price between $1.00-$1.25 a contract suggesting that a good portion is an initiating sale. Thermo reported earnings last week and IV is down 3 percentage points today and has dropped from 45% prior to earnings to 34% today. On Monday the company announced the $120 million purchase of Biolab. Other possible catalysts are several upcoming investor/analyst conferences during the first two weeks of May in which TMO will be a presenter.

Category: All Stocks, Health Care Equipment & Services, Large Cap Stocks