Check Out What Whales Are Doing With ISRG

Someone with a lot of money to spend has taken a bearish stance on Intuitive Surgical ISRG.

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with ISRG, it often means somebody knows something is about to happen.

Today, Benzinga's options scanner spotted 25 options trades for Intuitive Surgical.

This isn't normal.

The overall sentiment of these big-money traders is split between 8% bullish and 92%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $55,770, and 24, calls, for a total amount of $1,234,921..

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What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $250.0 to $325.0 for Intuitive Surgical over the last 3 months.

Volume & Open Interest Development

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 $250.0 to $325.0 in the last 30 days.

Intuitive Surgical Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Where Is Intuitive Surgical Standing Right Now?

• With a volume of 662,807, the price of ISRG is up 0.44% at $282.99.
• RSI indicators hint that the underlying stock may be approaching overbought.
• Next earnings are expected to be released in 36 days.

What The Experts Say On Intuitive Surgical:

• Wells Fargo has decided to maintain their Overweight rating on Intuitive Surgical, which currently sits at a price target of $305.
• BTIG has decided to maintain their Buy rating on Intuitive Surgical, which currently sits at a price target of $316.
• JP Morgan has decided to maintain their Overweight rating on Intuitive Surgical, which currently sits at a price target of $280.

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.