Intuitive Surgical's Options: A Look at What the Big Money is Thinking

High-rolling investors have positioned themselves bullish 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 23 options trades for Intuitive Surgical. This is not a typical pattern.

The sentiment among these major traders is split, with 56% bullish and 43% bearish. Among all the options we identified, there was one put, amounting to $30,888, and 22 calls, totaling $1,615,202.

Projected Price Targets

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $260.0 and $350.0 for Intuitive Surgical, spanning the last three months.

Insights into Volume & Open Interest

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for Intuitive Surgical's options for a given strike price.

Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Intuitive Surgical's whale activity within a strike price range from $260.0 to $350.0 in the last 30 days.

Intuitive Surgical 30-Day Option Volume & Interest Snapshot

Options Call Chart

Noteworthy Options Activity:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
ISRG CALL TRADE BULLISH 01/19/24 $295.00 $207.2K 1.9K 310
ISRG CALL SWEEP BULLISH 01/19/24 $295.00 $149.0K 1.9K 110
ISRG CALL SWEEP BULLISH 01/19/24 $295.00 $148.8K 1.9K 160
ISRG CALL SWEEP BULLISH 01/19/24 $295.00 $148.8K 1.9K 210
ISRG CALL SWEEP BULLISH 01/19/24 $295.00 $148.7K 1.9K 310

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.

In light of the recent options history for Intuitive Surgical, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Current Position of Intuitive Surgical

  • Currently trading with a volume of 476,403, the ISRG's price is up by 0.93%, now at $314.72.
  • RSI readings suggest the stock is currently may be overbought.
  • Anticipated earnings release is in 62 days.

Professional Analyst Ratings for Intuitive Surgical

In the last month, 2 experts released ratings on this stock with an average target price of $334.0.

  • Consistent in their evaluation, an analyst from Stifel keeps a Buy rating on Intuitive Surgical with a target price of $350.
  • An analyst from HSBC has revised its rating downward to Buy, adjusting the price target to $318.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Intuitive Surgical options trades with real-time alerts from Benzinga Pro.

Market News and Data brought to you by Benzinga APIs
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Posted In: OptionsMarketsBZI-UOA
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