A whale with a lot of money to spend has taken a noticeably bearish stance on Intuitive Surgical.
Looking at options history for Intuitive Surgical (NASDAQ:ISRG) we detected 11 strange trades.
If we consider the specifics of each trade, it is accurate to state that 36% of the investors opened trades with bullish expectations and 63% with bearish.
From the overall spotted trades, 7 are puts, for a total amount of $408,304 and 4, calls, for a total amount of $194,775.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $170.0 to $200.0 for Intuitive Surgical over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Intuitive Surgical options trades today is 833.12 with a total volume of 1,437.00.
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 $170.0 to $200.0 over the last 30 days.
Intuitive Surgical Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ISRG | PUT | SWEEP | BEARISH | 10/21/22 | $200.00 | $87.4K | 2.1K | 360 |
| ISRG | CALL | TRADE | NEUTRAL | 11/18/22 | $200.00 | $86.4K | 582 | 87 |
| ISRG | PUT | SWEEP | BULLISH | 10/21/22 | $200.00 | $80.0K | 2.1K | 110 |
| ISRG | PUT | SWEEP | BULLISH | 10/28/22 | $185.00 | $70.2K | 637 | 40 |
| ISRG | PUT | SWEEP | BULLISH | 01/20/23 | $190.00 | $53.5K | 1.0K | 269 |
Where Is Intuitive Surgical Standing Right Now?
- With a volume of 519,071, the price of ISRG is up 4.32% at $198.33.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 0 days.
What The Experts Say On Intuitive Surgical:
- Morgan Stanley has decided to maintain their Equal-Weight rating on Intuitive Surgical, which currently sits at a price target of $215.
- Barclays downgraded its action to Overweight with a price target of $235
- Mizuho downgraded its action to Neutral with a price target of $215
- Truist Securities has decided to maintain their Buy rating on Intuitive Surgical, which currently sits at a price target of $230.
- Jefferies downgraded its action to Hold with a price target of $210
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.
