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Deep-pocketed investors have adopted a bearish 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 24 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 37% leaning bullish and 62% bearish. Among these notable options, 14 are puts, totaling $813,001, and 10 are calls, amounting to $425,273.
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $300.0 to $430.0 for Intuitive Surgical over the last 3 months.
In terms of liquidity and interest, the mean open interest for Intuitive Surgical options trades today is 402.5 with a total volume of 2,081.00.
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 $300.0 to $430.0 over the last 30 days.
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|---|---|---|
ISRG | PUT | SWEEP | BULLISH | 04/19/24 | $9.8 | $9.6 | $9.7 | $375.00 | $152.4K | 1.2K | 236 |
ISRG | PUT | SWEEP | BEARISH | 10/18/24 | $32.3 | $30.4 | $32.29 | $380.00 | $113.0K | 203 | 48 |
ISRG | PUT | SWEEP | BEARISH | 04/19/24 | $9.0 | $8.9 | $9.0 | $375.00 | $107.1K | 1.2K | 271 |
ISRG | CALL | SWEEP | BEARISH | 10/18/24 | $38.6 | $36.0 | $36.12 | $380.00 | $93.8K | 195 | 83 |
ISRG | PUT | SWEEP | BULLISH | 04/19/24 | $17.2 | $17.0 | $17.02 | $385.00 | $81.6K | 1.1K | 256 |
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.
2 market experts have recently issued ratings for this stock, with a consensus target price of $446.0.
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