Core Insights - Investors are taking a bearish stance on Intuitive Surgical, with significant options trading activity indicating potential insider knowledge of upcoming events [1][2] - The overall sentiment among large investors is mixed, with 38% bullish and 46% bearish positions noted [2] - The predicted price range for Intuitive Surgical over the next three months is between $310.0 and $500.0 [3] Options Trading Activity - A total of 13 uncommon options trades were detected for Intuitive Surgical, with 4 puts totaling $138,397 and 9 calls totaling $525,604 [2] - The average open interest for options stands at 165.75, with a total volume of 416.00, indicating active trading within the specified price range [4] Company Overview - Intuitive Surgical specializes in developing and marketing robotic systems for minimally invasive surgery, with over 9,500 da Vinci systems installed globally [11] - The company has a strong presence in the U.S. with more than 5,500 installations and is expanding into emerging markets [11] Market Analysis - An analyst from BTIG has revised the rating for Intuitive Surgical to Buy, with a target price set at $571.0 [13][14] - The current trading volume for ISRG is 579,834, with the stock price down by 3.45% to $431.8, indicating a neutral market position [16]
Unpacking the Latest Options Trading Trends in Intuitive Surgical - Intuitive Surgical (NASDAQ:ISRG)