Market Whales and Their Recent Bets on ISRG Options
Portfolio Pulse from Benzinga Insights
Market whales have shown significant interest in Intuitive Surgical (NASDAQ:ISRG) options, with a mix of bullish and bearish bets. Benzinga's options scanner revealed 8 unusual trades, evenly split between bullish and bearish sentiments. The trades focus on a price range of $390.0 to $450.0 for ISRG, with the largest trades being a bullish call for $118.9K and a bearish put for $93.0K. The company, known for its da Vinci robotic surgical systems, has over 8,600 units installed worldwide. The stock's current price is $394.07, with an RSI indicating it may be approaching overbought territory. Analysts have set an average price target of $420.0 for ISRG, with Stifel recently lowering its rating to Buy.
March 25, 2024 | 5:16 pm
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NEUTRAL IMPACT
Intuitive Surgical has seen significant options trading activity, with an equal mix of bullish and bearish sentiments among market whales. The company's stock price is currently $394.07, with an RSI indicating potential overbought conditions. Analysts have a current price target of $420.0, with a recent downgrade to Buy by Stifel.
The significant options activity, with a balanced mix of bullish and bearish sentiments, suggests uncertainty about ISRG's short-term price direction. The stock's current position and the recent analyst downgrade contribute to a neutral short-term outlook. However, the overall importance of this activity is high due to the potential implications for ISRG's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100