Bearish flow noted in Danaher with 1,846 puts trading, or 1.7x expected. Most active are Oct-24 270 puts and Sep-24 270 calls, with total volume in those strikes near 1,200 contracts. The Put/Call Ratio is 2.19, while ATM IV is up nearly 2 points on the day. Earnings are expected on October 22nd.
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Read More on DHR:
- Danaher Announces Quarterly Dividend
- Danaher backs FY24 revenue growth down in low-single digits from $23.89B in FY23
- Danaher still sees Q3 non-GAAP revenue down in low-single digits year-over-year
- Wells Fargo sees more downside than upside, starts Danaher with Equal Weight
- Danaher initiated with an Equal Weight at Wells Fargo
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