Danaher Corp (DHR) $52.40 +0.69%
Danaher (DHR) adds 35 cents to $52.39 and recent options trades on the Washington, DC medical, industrial and consumer products company include a three-way, in which the strategist sold 2,558 Jun 47 puts on the stock at $1.10, sold 3,837 Jun 57.5 calls at 70 cents, to buy 2558 Jun 52.5 calls for $2.80. In other words, Jun 47 puts were sold to buy a Jun 52.5 – 57.5 (2X3) call ratio spread, to open. Bullish play in DHR comes after a 15.5 percent gain in shares since mid-December. Earnings were last reported on Jan 31.
Category: All Stocks, Industrial Goods & Services, Large Cap Stocks
Free Newsletter
If you enjoyed this article, sign up to receive more just like it.
About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.
