TMOThermo Fisher Scientific, Inc.
Options Analysis Report•MEASURING & CONTROLLING DEVICES, NEC
Market Cap $166.6B|NYSE
● 2026-05-15$448.21
NEUTRAL
Analysis: 2026-05-14 EOD data
1Y +10.7%YTD -24.4%7D -3.6%
Options Vol
3,687
30D
Implied Move
±9.7%
IV Rank
31%
TMO Options Overview
bearish flow. No clear edge detected.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
6.3
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks5/9 checks passed
IV Rank
≤35%IV Rank 53.2% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 0.85x — IV ≤ HV
Sector Relative≤50%
Sector percentile 53% — above sector median
Term Structure
<1.1xFront/Back 1.11x — backwardation
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 35.7% — normal range
Spread-Adjusted Value
<80%Effective IV 56.5% (ATM 35.7% + spread 10.4% + bias) — good value
Execution Efficiency
<3.0%Total drag 16.92% (spread 10.39% + slippage 6.53%) — high friction
Vega Efficiency
≥5.0Vega efficiency 34.78 (vega 36.138 / spread 10.39%) — efficient
Sentiment
Bullish or bearish?
3.8
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksNeutral - Moderate signal (Conviction: +9%, Raw: +12%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +9% (neutral) — Raw: +12%
OI Skew Magnitude
≥15%|OI skew| 10.2% — balanced
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew -46.6%, OI skew -10.2% — aligned
Conviction Quality
≥2/3 conditions0-DTE 42%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: +9%, ATM: -24%, OTM: +28% — neutral (ITM/ATM divergent)
Sector Relative≤40% or ≥60%
Sector P/C percentile 80% — very bearish vs sector
Activity
Unusual activity?
4.4
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks2/9 checks passed
Volume Surge
≥1.5xVolume 1.1x avg — normal
Turnover Rate
≥15%Vol/OI 6.1% — normal turnover
Strike Concentration
≥60%Top 3 strikes = 50% — dispersed
Multi-Day Persistence
≥2 days1 day(s) elevated — may be one-day event
OI Build
≥5%OI change +3.4% (5d) — building
Sector Relative≥60%
Sector activity percentile 76% — active vs sector
Trade Quality
≥30%Large trade volume 58% — heavy institutional
Execution Urgency
≥60%Aggressive execution 33% — patient
Flow Conviction
≥30Conviction +9 (bullish) — mixed
Liquidity
Can I trade efficiently?
3.9
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks2/8 checks passed
Tradeable Spread
≤5.0%Spread 10.4% — wide
Adequate OI
≥10,000OI 60,088 — deep
Active Volume
≥500Volume 3,687/day — adequate
Reasonable Cost
≤$0.50$0.52 to cross — expensive
Strike Coverage
≥5 strikes1 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 54% — neutral vs sector
Order Book Depth
≥100 contractsDepth 44.099999999999994 contracts (bid:19.9 ask:24.2) — thin
Execution Quality
<1.0%Avg slippage 6.53% — poor
Timing
Is now a good time?
7.2
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks6/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +10.9% — backwardation
IV Percentile Clarity
<30 or >70IV percentile 53% — neutral
Event Detection
≥10pts kinkIV kink 4.0pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 81.95 — favors income trades
Expiration Distribution
≥3 expirations5 liquid expirations — flexible
Event Risk
≥60% (safe)safe window: No events detected
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow +9% @ 54% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 88 (ITM 20% + inst 58%) — HIGH institutional
Directional Strategy Fit
Option Buyers
Long Calls5.2
bullishIV cheap, bearish flow
Long Puts6.1
bearishIV cheap, bearish flow
Premium Sellers
Cash-Secured Put4.3
bullishIV too cheap, bearish flow
Covered Call5.1
bearishIV too cheap, bearish flow
For educational purposes only. Not investment advice.