Decoding Intuitive Surgical's Options Activity: What's the Big Picture?

Whales with a lot of money to spend have taken a noticeably bullish stance on Intuitive Surgical.

Looking at options history for Intuitive Surgical ISRG we detected 10 trades.

If we consider the specifics of each trade, it is accurate to state that 60% of the investors opened trades with bullish expectations and 40% with bearish.

From the overall spotted trades, 5 are puts, for a total amount of $660,040 and 5, calls, for a total amount of $976,150.

Projected Price Targets

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $275.0 to $350.0 for Intuitive Surgical over the last 3 months.

Volume & Open Interest Trends

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 $275.0 to $350.0, over the past month.

Intuitive Surgical Call and Put Volume: 30-Day Overview

Biggest Options Spotted:

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 8,000 da Vinci systems in hospitals worldwide, with nearly 5,000 installations in the U.S. and a growing number in emerging markets.

After a thorough review of the options trading surrounding Intuitive Surgical, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Present Market Standing of Intuitive Surgical

• With a trading volume of 918,853, the price of ISRG is up by 0.41%, reaching $292.81.
• Current RSI values indicate that the stock is may be approaching overbought.
• Next earnings report is scheduled for 69 days from now.

Professional Analyst Ratings for Intuitive Surgical

In the last month, 5 experts released ratings on this stock with an average target price of $348.6.

• An analyst from Citigroup persists with their Buy rating on Intuitive Surgical, maintaining a target price of $390.
• An analyst from Piper Sandler has decided to maintain their Overweight rating on Intuitive Surgical, which currently sits at a price target of $325.
• Consistent in their evaluation, an analyst from Raymond James keeps a Outperform rating on Intuitive Surgical with a target price of $310.
• Maintaining their stance, an analyst from Wells Fargo continues to hold a Overweight rating for Intuitive Surgical, targeting a price of $363.
• Reflecting concerns, an analyst from RBC Capital lowers its rating to Outperform with a new price target of $355.

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.