Bearish flow noted in Intuitive Surgical with 1,791 puts trading, or 3x expected. Most active are Oct-24 240 puts and 9/27 weekly 470 puts, with total volume in those strikes near 1,400 contracts. The Put/Call Ratio is 9.63, while ATM IV is up over 1 point on the day. Earnings are expected on October 17th.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ISRG:
- Intuitive Surgical price target raised to $494 from $469 at BTIG
- Intuitive Surgical price target raised to $560 from $512 at Citi
- Intuitive Surgical price target raised to $515 from $475 at RBC Capital
- Intuitive Surgical upgraded to Buy from Neutral at Redburn Atlantic
- Intuitive Surgical Enhances Board with Strategic Appointment