Investors with a lot of money to spend have taken a bullish 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 8 uncommon options trades for Intuitive Surgical.
This isn't normal.
The overall sentiment of these big-money traders is split between 50% bullish and 50%, bearish.
Out of all of the special options we uncovered, 2 are puts, for a total amount of $130,571, and 6 are calls, for a total amount of $293,245.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $390.0 and $450.0 for Intuitive Surgical, spanning the last three months.
Volume & Open Interest Development
In today's trading context, the average open interest for options of Intuitive Surgical stands at 97.2, with a total volume reaching 920.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Intuitive Surgical, situated within the strike price corridor from $390.0 to $450.0, throughout the last 30 days.
Intuitive Surgical Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ISRG | CALL | SWEEP | BULLISH | 04/19/24 | $430.00 | $118.9K | 185 | 372 |
| ISRG | PUT | SWEEP | BEARISH | 06/20/25 | $400.00 | $93.0K | 22 | 20 |
| ISRG | CALL | SWEEP | NEUTRAL | 04/19/24 | $430.00 | $45.8K | 185 | 10 |
| ISRG | PUT | SWEEP | BEARISH | 07/19/24 | $390.00 | $37.5K | 79 | 37 |
| ISRG | CALL | SWEEP | BULLISH | 01/17/25 | $450.00 | $35.6K | 86 | 23 |
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.
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
- With a volume of 461,960, the price of ISRG is down 0.0% at $394.07.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 24 days.
Professional Analyst Ratings for Intuitive Surgical
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $420.0.
- Reflecting concerns, an analyst from Stifel lowers its rating to Buy with a new price target of $420.
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.
© 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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