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
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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