Intuitive Surgical Options Trading: A Deep Dive into Market Sentiment - Intuitive Surgical (NASDAQ:ISRG)

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 9 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 22% leaning bullish and 77% bearish. Among these notable options, 3 are puts, totaling $120,200, and 6 are calls, amounting to $260,274.

Predicted Price Range

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $310.0 to $450.0 for Intuitive Surgical over the recent three months.

Insights into Volume & Open Interest

Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $310.0 to $450.0 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	BEARISH	05/17/24	$380.00	$71.0K	173	26
ISRG	PUT	SWEEP	BULLISH	10/18/24	$310.00	$59.1K	0	69
ISRG	CALL	SWEEP	BEARISH	01/17/25	$430.00	$49.6K	241	5
ISRG	CALL	SWEEP	NEUTRAL	06/21/24	$350.00	$45.9K	1.2K	16
ISRG	CALL	SWEEP	BULLISH	04/19/24	$310.00	$41.4K	29	5

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 600,034, with ISRG's price up by 0.59%, positioned at $382.49.
RSI indicators show the stock to be may be approaching overbought.
Earnings announcement expected in 54 days.

Expert Opinions on Intuitive Surgical

A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $431.4.

Maintaining their stance, an analyst from Piper Sandler continues to hold a Overweight rating for Intuitive Surgical, targeting a price of $425.
An analyst from Raymond James persists with their Outperform rating on Intuitive Surgical, maintaining a target price of $435.
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 Barclays has decided to maintain their Overweight rating on Intuitive Surgical, which currently sits at a price target of $430.
Maintaining their stance, an analyst from Truist Securities continues to hold a Buy rating for Intuitive Surgical, targeting a price of $435.

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.

ISRGIntuitive Surgical Inc

$406.010.01%

Overview

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