Wealthy investors are diving into a bearish trend regarding Intuitive Surgical, sending ripples through the options market.
Tracing the options history of Intuitive Surgical, we have unearthed 8 trades that shed light on investor sentiment.
An analysis of the trades reveals that 37% of investors are optimistic with bullish expectations, while 50% take a bearish stance.
Of the identified trades, 4 are puts amounting to $236,238 and 4 are calls totaling $250,299.
Unveiling Expected Price Movements
After meticulous examination of trading volumes and Open Interest, a clear focus on a price range between $470.0 and $485.0 for Intuitive Surgical emerges over the last three months.
Deep Dive into Volume & Open Interest
In the current trading landscape, the average open interest for Intuitive Surgical options stands at 238.33, with a total volume of 923.00. A detailed chart tracks the progress of call and put option volume and open interest for significant trades within the $470.0 to $485.0 strike price zone in Intuitive Surgical over the past 30 days.
Analyzing Intuitive Surgical Option Activity Over the Last 30 Days
Key Highlights of Options Activity:
| 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 | $28.0 | $27.9 | $28.0 | $485.00 | $145.5K | 299 | 54 |
| ISRG | PUT | TRADE | BULLISH | 01/17/25 | $27.9 | $27.4 | $27.5 | $475.00 | $110.0K | 243 | 63 |
| ISRG | PUT | SWEEP | BEARISH | 10/18/24 | $10.0 | $9.6 | $9.9 | $470.00 | $46.5K | 370 | 48 |
| ISRG | PUT | SWEEP | BEARISH | 10/18/24 | $13.4 | $12.9 | $13.3 | $475.00 | $41.2K | 250 | 340 |
| ISRG | CALL | SWEEP | NEUTRAL | 10/18/24 | $15.4 | $15.3 | $15.3 | $472.50 | $39.7K | 8 | 26 |
About Intuitive Surgical
Intuitive Surgical is a pioneer in developing, producing, and marketing robotic systems for minimally invasive surgery. With over 8,600 da Vinci systems installed globally, the company offers instrumentation, disposable accessories, and warranty services. More than 5,000 installations are in the US, with a growing presence in emerging markets.
With a comprehensive view of Intuitive Surgical’s options trading patterns, the focus shifts to the company’s current market standing and performance.
Current Position of Intuitive Surgical
- Presently trading at $503.0 with a volume of 1,808,262 shares, Intuitive Surgical has surged by 5.54%.
- RSI readings indicate a neutral zone between overbought and oversold conditions.
- Earnings release is imminent, scheduled in 0 days.
Expert Opinions on Intuitive Surgical
Insights from 5 industry analysts over the past month suggest an average target price of $537.0 for Intuitive Surgical.
What trading strategy would you employ to capitalize on these insights?
The landscape includes analysts from different firms maintaining various ratings:
- JP Morgan analyst: Overweight rating, Target Price: $575
- Evercore ISI Group analyst: In-Line rating, Target Price: $475
- RBC Capital analyst: Outperform rating, Target Price: $525
- Truist Securities analyst: Buy rating, Target Price: $570
- Raymond James analyst: Outperform rating, Target Price: $540
While trading options involves risk, it also offers profit potential. Astute traders employ ongoing education, strategic adjustments, and market awareness to navigate these risks. Stay updated on the latest options trades for Intuitive Surgical with Benzinga Pro for real-time alerts.
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