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Intuitive Surgical options imply 3.8% move in share price post-earnings

Pre-earnings options volume in Intuitive Surgical (ISRG) is 1.2x normal with calls leading puts 7:6. Implied volatility suggests the market is anticipating a move near 3.8%, or $20.28, after results are released. Median move over the past eight quarters is 3.0%.

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