Financial giants have made a conspicuous bullish move on Intuitive Surgical. Our analysis of options history for Intuitive Surgical ISRG revealed 9 unusual trades.
Delving into the details, we found 66% of traders were bullish, while 33% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $314,819, and 5 were calls, valued at $472,594.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $290.0 to $370.0 for Intuitive Surgical during the past quarter.
Insights into 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 $290.0 to $370.0, over the past month.
Intuitive Surgical Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ISRG | CALL | TRADE | BULLISH | 07/19/24 | $340.00 | $212.1K | 3 | 70 |
| ISRG | PUT | TRADE | BULLISH | 02/16/24 | $330.00 | $151.8K | 104 | 177 |
| ISRG | CALL | SWEEP | BEARISH | 01/05/24 | $340.00 | $140.4K | 12 | 634 |
| ISRG | PUT | TRADE | NEUTRAL | 01/19/24 | $330.00 | $68.6K | 27 | 74 |
| ISRG | PUT | SWEEP | BULLISH | 01/19/24 | $295.00 | $62.8K | 427 | 1 |
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.
Having examined the options trading patterns of Intuitive Surgical, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Intuitive Surgical's Current Market Status
- Currently trading with a volume of 389,848, the ISRG's price is up by 0.42%, now at $325.7.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 36 days.
What The Experts Say On Intuitive Surgical
In the last month, 2 experts released ratings on this stock with an average target price of $352.5.
- Maintaining their stance, an analyst from Morgan Stanley continues to hold a Equal-Weight rating for Intuitive Surgical, targeting a price of $330.
- An analyst from Truist Securities persists with their Buy rating on Intuitive Surgical, maintaining a target price of $375.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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