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 62% leaning bullish and 12% bearish. Among these notable options, 2 are puts, totaling $87,386, and 6 are calls, amounting to $452,994.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $350.0 to $435.0 for Intuitive Surgical over the recent three 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 $350.0 to $435.0 in the last 30 days.
Intuitive Surgical Call and Put Volume: 30-Day Overview
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ISRG | CALL | TRADE | BULLISH | 07/19/24 | $59.0 | $55.8 | $59.0 | $380.00 | $295.0K | 287 | 1 |
| ISRG | PUT | SWEEP | BULLISH | 08/16/24 | $7.9 | $3.2 | $3.3 | $385.00 | $55.7K | 0 | 15 |
| ISRG | CALL | TRADE | BULLISH | 10/18/24 | $72.5 | $71.1 | $72.01 | $370.00 | $36.0K | 18 | 0 |
| ISRG | CALL | SWEEP | BULLISH | 07/19/24 | $35.6 | $34.8 | $34.8 | $405.00 | $34.8K | 59 | 0 |
| ISRG | CALL | TRADE | NEUTRAL | 06/28/24 | $35.1 | $29.8 | $32.5 | $400.00 | $32.5K | 19 | 0 |
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.
Intuitive Surgical's Current Market Status
- With a volume of 658,468, the price of ISRG is down -1.22% at $429.68.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 28 days.
Expert Opinions on Intuitive Surgical
In the last month, 1 experts released ratings on this stock with an average target price of $500.0.
- In a cautious move, an analyst from Goldman Sachs downgraded its rating to Buy, setting a price target of $500.
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.