Whales with a lot of money to spend have taken a noticeably bearish stance on Intuitive Surgical.
Looking at options history for Intuitive Surgical ISRG we detected 44 trades.
If we consider the specifics of each trade, it is accurate to state that 43% of the investors opened trades with bullish expectations and 56% with bearish.
From the overall spotted trades, 32 are puts, for a total amount of $1,768,619 and 12, calls, for a total amount of $829,731.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $210.0 to $440.0 for Intuitive Surgical over the recent three months.
Volume & Open Interest Trends
Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $210.0 to $440.0 in the last 30 days.
Intuitive Surgical Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ISRG | CALL | SWEEP | BEARISH | 06/21/24 | $320.00 | $250.1K | 343 | 158 |
| ISRG | PUT | SWEEP | BEARISH | 02/09/24 | $275.00 | $221.0K | 1 | 0 |
| ISRG | PUT | TRADE | BEARISH | 01/12/24 | $312.50 | $192.0K | 11 | 616 |
| ISRG | PUT | SWEEP | BEARISH | 07/19/24 | $210.00 | $160.0K | 1 | 250 |
| ISRG | PUT | SWEEP | BULLISH | 06/21/24 | $340.00 | $125.3K | 39 | 39 |
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.
Present Market Standing of Intuitive Surgical
- With a trading volume of 872,226, the price of ISRG is down by -0.88%, reaching $328.06.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 20 days from now.
What The Experts Say On Intuitive Surgical
3 market experts have recently issued ratings for this stock, with a consensus target price of $379.0.
- An analyst from Truist Securities persists with their Buy rating on Intuitive Surgical, maintaining a target price of $375.
- Maintaining their stance, an analyst from Truist Securities continues to hold a Buy rating for Intuitive Surgical, targeting a price of $390.
- Maintaining their stance, an analyst from Raymond James continues to hold a Outperform rating for Intuitive Surgical, targeting a price of $372.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Intuitive Surgical with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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