Big spenders in the market have taken a starkly bearish stance on the fortunes of Intuitive Surgical.
Delving into the historical options data for Intuitive Surgical (NASDAQ: ISRG), an intriguing pattern emerges with 8 significant trades noted.
A detailed breakdown reveals a mix of investor sentiment, with 37% showcasing bullish behavior while 50% exhibit a gloomier, bearish outlook.
Among these trades, there are 4 puts valued at a collective $236,238 and 4 calls amounting to $250,299.
Forecasted Price Movements
Scrutinizing the trading volumes and Open Interest numbers, it becomes apparent that key market influencers are honing in on a price bracket spanning $470.0 to $485.0 for Intuitive Surgical over the past three months.
Analysis of Volume & Open Interest
In the current trading landscape, the average open interest for Intuitive Surgical’s options stands at 238.33, with a cumulative volume hitting 923.00. A graphical representation tracks the trajectory of call and put options within the $470.0 to $485.0 strike range over the last 30 days.
Insight into Recent Options Activity for Intuitive Surgical
Highlighting Noteworthy 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 |
Understanding Intuitive Surgical
Intuitive Surgical is a company specializing in the development, manufacturing, and marketing of robotic systems designed to assist in minimally invasive surgery. The company also supplies instrumentations, disposable accessories, and warranty services for its systems, boasting over 8,600 da Vinci installations in hospitals globally.
Turning our focus from options trading nuances to the company itself, we now shift gears to explore its current market standing and performance.
Present Status of Intuitive Surgical
- With a trading volume of 1,808,262, Intuitive Surgical’s stock price has surged by 5.54%, reaching $503.0.
- Technical indicators like the Relative Strength Index (RSI) imply the stock is hovering in a neutral zone between overbought and oversold.
- The impending earnings report is expected to be released in the imminent future.
Expert Views on Intuitive Surgical
Insights from 5 industry analysts over the last month unveil an average target price of $537.0 for Intuitive Surgical.
An array of analyst opinions provide a spectrum of perspectives on the stock:
- JP Morgan’s analyst maintains an Overweight rating on Intuitive Surgical, setting a target price at $575.
- Evercore ISI Group’s analyst holds an In-Line rating with a target of $475.
- RBC Capital’s analyst is steadfast with an Outperform rating and $525 target price.
- Truist Securities’ analyst upholds a Buy rating, projecting a price target of $570.
- Raymond James’ analyst keeps an Outperform rating while setting the target price at $540.
While trading options brings amplified risks, it also opens doors to potentially higher rewards. Seasoned traders navigate these risks through continuous learning, strategic adjustments, utilizing diverse indicators, and staying attuned to market dynamics. Stay informed about the latest options plays concerning Intuitive Surgical.
