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 9 trades.
If we consider the specifics of each trade, it is accurate to state that 11% of the investors opened trades with bullish expectations and 88% with bearish.
From the overall spotted trades, 6 are puts, for a total amount of $298,309 and 3, calls, for a total amount of $159,190.
Projected Price Targets
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $380.0 to $410.0 for Intuitive Surgical over the last 3 months.
Analyzing 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 $380.0 to $410.0 in the last 30 days.
Intuitive Surgical Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ISRG | CALL | TRADE | BEARISH | 05/17/24 | $400.00 | $95.3K | 39 | 65 |
| ISRG | PUT | SWEEP | NEUTRAL | 07/19/24 | $400.00 | $85.7K | 45 | 61 |
| ISRG | PUT | SWEEP | NEUTRAL | 01/17/25 | $380.00 | $71.3K | 31 | 40 |
| ISRG | PUT | SWEEP | NEUTRAL | 06/21/24 | $400.00 | $41.3K | 19 | 18 |
| ISRG | CALL | SWEEP | NEUTRAL | 05/17/24 | $390.00 | $36.0K | 22 | 20 |
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.
Where Is Intuitive Surgical Standing Right Now?
- Trading volume stands at 326,372, with ISRG's price down by -0.35%, positioned at $390.0.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 68 days.
Expert Opinions on Intuitive Surgical
In the last month, 5 experts released ratings on this stock with an average target price of $415.0.
- An analyst from Stifel persists with their Buy rating on Intuitive Surgical, maintaining a target price of $420.
- Maintaining their stance, an analyst from Barclays continues to hold a Overweight rating for Intuitive Surgical, targeting a price of $430.
- Consistent in their evaluation, an analyst from Truist Securities keeps a Buy rating on Intuitive Surgical with a target price of $435.
- An analyst from Mizuho persists with their Neutral rating on Intuitive Surgical, maintaining a target price of $390.
- An analyst from RBC Capital persists with their Outperform rating on Intuitive Surgical, maintaining a target price of $400.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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