Deep-pocketed investors have adopted a bullish 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 8 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 37% bearish. Among these notable options, 5 are puts, totaling $254,799, and 3 are calls, amounting to $118,390.

Predicted Price Range

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $480.0 to $585.0 for Intuitive Surgical during the past quarter.

Insights into Volume & Open Interest

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Intuitive Surgical's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Intuitive Surgical's substantial trades, within a strike price spectrum from $480.0 to $585.0 over the preceding 30 days.

Intuitive Surgical 30-Day Option Volume & Interest Snapshot

Biggest Options Spotted:

About Intuitive Surgical

Intuitive 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 10,000 da Vinci systems in hospitals worldwide, with more than 6,000 installations in the US and a growing number in emerging markets.

Following our analysis of the options activities associated with Intuitive Surgical, we pivot to a closer look at the company's own performance.

Where Is Intuitive Surgical Standing Right Now?

• With a volume of 354,659, the price of ISRG is down -0.41% at $505.48.
• RSI indicators hint that the underlying stock may be oversold.
• Next earnings are expected to be released in 81 days.

What The Experts Say On Intuitive Surgical

5 market experts have recently issued ratings for this stock, with a consensus target price of $644.0.

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.