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News

Intuitive Surgical Unusual Options Activity

Author: Benzinga Insights | June 25, 2024 03:31pm

Investors with a lot of money to spend have taken a bearish stance on Intuitive Surgical (NASDAQ:ISRG).

And retail traders should know.

We noticed this today when the positions 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.

Today, Benzinga's options scanner spotted 11 options trades for Intuitive Surgical.

This isn't normal.

The overall sentiment of these big-money traders is split between 36% bullish and 45%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $42,020, and 10, calls, for a total amount of $527,845.

Expected Price Movements

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $390.0 to $560.0 for Intuitive Surgical over the recent three months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Intuitive Surgical options trades today is 133.0 with a total volume of 123.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Intuitive Surgical's big money trades within a strike price range of $390.0 to $560.0 over the last 30 days.

Intuitive Surgical Option Volume And Open Interest Over Last 30 Days

Options Call Chart

Significant Options Trades Detected:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
ISRG CALL SWEEP BULLISH 01/17/25 $13.3 $10.6 $10.6 $540.00 $108.1K 183 0
ISRG CALL TRADE NEUTRAL 01/16/26 $36.3 $33.9 $35.0 $560.00 $98.0K 28 0
ISRG CALL SWEEP BEARISH 06/28/24 $29.5 $25.2 $26.5 $415.00 $92.7K 61 1
ISRG CALL SWEEP BEARISH 03/21/25 $15.2 $13.4 $14.4 $540.00 $53.2K 5 0
ISRG PUT SWEEP BEARISH 03/21/25 $19.1 $17.7 $19.1 $390.00 $42.0K 2 21

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.

Having examined the options trading patterns of Intuitive Surgical, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Intuitive Surgical's Current Market Status

  • With a volume of 1,418,648, the price of ISRG is up 3.06% at $442.19.
  • RSI indicators hint that the underlying stock may be overbought.
  • Next earnings are expected to be released in 23 days.

What The Experts Say On Intuitive Surgical

In the last month, 1 experts released ratings on this stock with an average target price of $500.0.

  • An analyst from Goldman Sachs has revised its rating downward to Buy, adjusting the price target to $500.

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.

Posted In: ISRG