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Intuitive Surgical options imply 5.6% move in share price post-earnings

Pre-earnings options volume in Intuitive Surgical (ISRG) is 2.5x normal with puts leading calls 8:5. Implied volatility suggests the market is anticipating a move near 5.6%, or $28.69, after results are released. Median move over the past eight quarters is 2.8%.

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