Intuitive Surgical Unusual Options Activity For July 17
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been detected for Intuitive Surgical (NASDAQ:ISRG), with a bearish stance being taken by a 'whale' investor. Of the 11 strange trades detected, 45% were opened with bullish expectations and 54% with bearish. The total amount for the 5 puts was $553,806 and for the 6 calls was $538,323. Whales have been targeting a price range from $250.0 to $410.0 for Intuitive Surgical over the last 3 months. RBC Capital and Citigroup have maintained their Outperform and Buy ratings on Intuitive Surgical respectively.
July 17, 2023 | 3:46 pm
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Unusual options activity has been detected for Intuitive Surgical, with a bearish stance being taken by a 'whale' investor. This could potentially impact the stock's price in the short term.
The unusual options activity, particularly the bearish stance taken by a 'whale' investor, could potentially lead to increased volatility in the stock's price. This, coupled with the fact that options are a riskier asset compared to just trading the stock, could potentially impact the stock's price in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100