
Danaher Corp (DHR), the biotech/life sciences products firm, has had unusual call options activity today. It highlights the value of shorting out-of-the-money (OTM) “covered calls” in DHR stock as an income play.
The large unusual call options activity can be seen in Barchart's Unusual Stock Options Activity Report today. It shows that over 3,300 call option contracts were traded in the Feb. 23, 2024 expiration option chain at the $260.00 strike price. This is almost 14% above today's stock price of $228.24.