Thermo Fisher Scientific reached a lifetime high today, and one trader is positioning for even more gains.
More than 7,000 TMO options have changed hands on this overall slow day. That compares to a daily
average of 1,075 and is dominated by one trade.
optionMONSTER systems show detected the sale of 3,234 January 105 calls for $5.75 against previous open interest of 3,594. At the same time, 4,000 January 110 calls traded for $2.40 in volume far above open interest of just 956, clearly a new position.
Given how far the stock has run, this is very likely a trader rolling a long-call position higher to take some profits and continue to benefit from potential gains. (See our Education section)
TMO is up another 0.76 percent to $110.24 today, a new all-time high. The medical-diagnostics company was down at $100 two weeks ago and has been on a run from $44 over the last two years.
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