Intuitive Surgical Unusual Options Activity For January 16

Investors with a lot of money to spend have taken a bearish stance on Intuitive Surgical ISRG.

And retail traders should know.

We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with ISRG, it often means somebody knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 23 uncommon options trades for Intuitive Surgical.

This isn't normal.

The overall sentiment of these big-money traders is split between 47% bullish and 52%, bearish.

Out of all of the special options we uncovered, 9 are puts, for a total amount of $754,021, and 14 are calls, for a total amount of $697,689.

Projected Price Targets

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $200.0 to $440.0 for Intuitive Surgical during the past quarter.

Insights into Volume & Open Interest

In terms of liquidity and interest, the mean open interest for Intuitive Surgical options trades today is 445.94 with a total volume of 1,278.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Intuitive Surgical's big money trades within a strike price range of $200.0 to $440.0 over the last 30 days.

Intuitive Surgical Option Activity Analysis: Last 30 Days

Largest Options Trades Observed:

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.

Intuitive Surgical's Current Market Status

• With a trading volume of 720,303, the price of ISRG is down by -0.24%, reaching $362.84.
• Current RSI values indicate that the stock is may be approaching overbought.
• Next earnings report is scheduled for 7 days from now.

Expert Opinions on Intuitive Surgical

In the last month, 3 experts released ratings on this stock with an average target price of $387.3333333333333.

• Maintaining their stance, an analyst from Raymond James continues to hold a Outperform rating for Intuitive Surgical, targeting a price of $372.
• An analyst from RBC Capital has decided to maintain their Outperform rating on Intuitive Surgical, which currently sits at a price target of $400.
• Maintaining their stance, an analyst from Truist Securities continues to hold a Buy rating for Intuitive Surgical, targeting a price of $390.

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.