Trading a ISRG straddle lets you take a pure volatility position on Intuitive Surgical Inc without committing to a direction. Intuitive Surgical Inc's straddle involves buying (or selling) a call and a put at the same strike and expiration, profiting when the stock moves more (or less) than the combined premium implies. Use our scanner to evaluate ISRG straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on ISRG profits from large moves in either direction and is a classic play into binary events like earnings, product announcements, or macro releases. A short straddle profits when Intuitive Surgical Inc stays range-bound and implied volatility contracts. The breakeven points are simple: strike plus total premium on the upside, strike minus total premium on the downside. Comparing the ISRG straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
Intuitive Surgical, Inc. develops, manufactures, and markets products that enable physicians and healthcare providers to enhance the quality of and access to minimally invasive care in the United States and internationally. The company offers the da Vinci Surgical System to enable complex surgery using a minimally invasive approach; and Ion endoluminal system, which extends its commercial offerings beyond surgery into diagnostic procedures enabling minimally invasive biopsies in the lung. It also provides a suite of stapling, energy, and core instrumentation for its surgical systems; progressive learning pathways to support the use of its technology; a complement of services to its customers, including support, installation, repair, and maintenance; and integrated digital capabilities providing unified and connected offerings, streamlining performance for hospitals with program-enhancing insights.
The company was incorporated in 1995 and is headquartered in Sunnyvale, California.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the ISRG straddle is the cleanest expression of that view. Our scanner prices every ISRG straddle against historical realized moves, flags expirations where the market is overpaying or underpaying for vol, and ranks setups by breakeven width and IV rank. Whether you're long a ISRG straddle into a catalyst or short a ISRG straddle to harvest decay, the options straddle setups that matter are all in one place.
