High-rolling investors have positioned themselves bearish on Intuitive Surgical ISRG, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in ISRG often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 8 options trades for Intuitive Surgical. This is not a typical pattern.
The sentiment among these major traders is split, with 25% bullish and 75% bearish. Among all the options we identified, there was one put, amounting to $57,105, and 7 calls, totaling $639,475.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $355.0 to $410.0 for Intuitive Surgical over the recent three months.
Analyzing Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Intuitive Surgical's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Intuitive Surgical's significant trades, within a strike price range of $355.0 to $410.0, over the past month.
Intuitive Surgical Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ISRG | CALL | TRADE | BEARISH | 04/19/24 | $14.0 | $13.5 | $13.7 | $390.00 | $374.0K | 507 | 533 |
| ISRG | CALL | TRADE | BULLISH | 01/17/25 | $53.8 | $49.5 | $52.2 | $390.00 | $67.8K | 370 | 0 |
| ISRG | PUT | SWEEP | BEARISH | 04/19/24 | $6.2 | $5.8 | $6.08 | $375.00 | $57.1K | 301 | 325 |
| ISRG | CALL | SWEEP | NEUTRAL | 05/10/24 | $8.3 | $8.0 | $8.19 | $410.00 | $46.5K | 0 | 57 |
| ISRG | CALL | SWEEP | BEARISH | 05/10/24 | $8.3 | $8.0 | $8.26 | $410.00 | $43.6K | 0 | 159 |
About Intuitive Surgical
Intuitive Surgical develops, produces, and markets a robotic system for assisting minimally invasive surgery. It also provides the instrumentation, disposable accessories, and warranty services for the system. The company has placed more than 8,600 da Vinci systems in hospitals worldwide, with more than 5,000 installations in the US and a growing number in emerging markets.
Following our analysis of the options activities associated with Intuitive Surgical, we pivot to a closer look at the company's own performance.
Intuitive Surgical's Current Market Status
- Currently trading with a volume of 465,178, the ISRG's price is down by -0.4%, now at $386.92.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 7 days.
Expert Opinions on Intuitive Surgical
In the last month, 3 experts released ratings on this stock with an average target price of $437.3333333333333.
- An analyst from Citigroup has decided to maintain their Buy rating on Intuitive Surgical, which currently sits at a price target of $462.
- In a cautious move, an analyst from Stifel downgraded its rating to Buy, setting a price target of $420.
- An analyst from Stifel has decided to maintain their Buy rating on Intuitive Surgical, which currently sits at a price target of $430.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Intuitive Surgical, Benzinga Pro gives you real-time options trades alerts.
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