27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
Deep-pocketed investors have adopted a bearish approach towards Intuitive Surgical (NASDAQ:ISRG), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in ISRG usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 24 extraordinary options activities for Intuitive Surgical. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 37% leaning bullish and 62% bearish. Among these notable options, 14 are puts, totaling $813,001, and 10 are calls, amounting to $425,273.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $300.0 to $430.0 for Intuitive Surgical over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Intuitive Surgical options trades today is 402.5 with a total volume of 2,081.00.
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 $300.0 to $430.0 over the last 30 days.
Intuitive Surgical Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ISRG | PUT | SWEEP | BULLISH | 04/19/24 | $9.8 | $9.6 | $9.7 | $375.00 | $152.4K | 1.2K | 236 |
| ISRG | PUT | SWEEP | BEARISH | 10/18/24 | $32.3 | $30.4 | $32.29 | $380.00 | $113.0K | 203 | 48 |
| ISRG | PUT | SWEEP | BEARISH | 04/19/24 | $9.0 | $8.9 | $9.0 | $375.00 | $107.1K | 1.2K | 271 |
| ISRG | CALL | SWEEP | BEARISH | 10/18/24 | $38.6 | $36.0 | $36.12 | $380.00 | $93.8K | 195 | 83 |
| ISRG | PUT | SWEEP | BULLISH | 04/19/24 | $17.2 | $17.0 | $17.02 | $385.00 | $81.6K | 1.1K | 256 |
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 8,600 da Vinci systems in hospitals worldwide, with more than 5,000 installations in the US and a growing number in emerging markets.
Intuitive Surgical's Current Market Status
- Trading volume stands at 839,332, with ISRG's price up by 1.11%, positioned at $381.54.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 2 days.
Expert Opinions on Intuitive Surgical
2 market experts have recently issued ratings for this stock, with a consensus target price of $446.0.
- An analyst from Stifel persists with their Buy rating on Intuitive Surgical, maintaining a target price of $430.
- Consistent in their evaluation, an analyst from Citigroup keeps a Buy rating on Intuitive Surgical with a target price of $462.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Intuitive Surgical, Benzinga Pro gives you real-time options trades alerts.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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