Decoding Intuitive Surgical's Options Activity: What's the Big Picture?

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 10 uncommon options trades for Intuitive Surgical.

This isn't normal.

The overall sentiment of these big-money traders is split between 20% bullish and 80%, bearish.

Out of all of the special options we uncovered, 6 are puts, for a total amount of $236,112, and 4 are calls, for a total amount of $252,851.

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What's The Price Target?

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $345.0 to $400.0 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 $345.0 to $400.0, over the past month.

Intuitive Surgical Call and Put Volume: 30-Day Overview

Significant Options Trades Detected:

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.

After a thorough review of the options trading surrounding Intuitive Surgical, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Current Position of Intuitive Surgical

• Currently trading with a volume of 449,219, the ISRG's price is down by -0.5%, now at $377.26.
• RSI readings suggest the stock is currently may be overbought.
• Anticipated earnings release is in 77 days.

What The Experts Say On Intuitive Surgical

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $414.0.

• Consistent in their evaluation, an analyst from Raymond James keeps a Outperform rating on Intuitive Surgical with a target price of $372.
• Consistent in their evaluation, an analyst from RBC Capital keeps a Outperform rating on Intuitive Surgical with a target price of $432.
• An analyst from Wells Fargo persists with their Overweight rating on Intuitive Surgical, maintaining a target price of $416.
• An analyst from Stifel persists with their Buy rating on Intuitive Surgical, maintaining a target price of $420.
• Consistent in their evaluation, an analyst from Barclays keeps a Overweight rating on Intuitive Surgical with a target price of $430.

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.