Intuitive Surgical (ISRG) Options Chain

NASDAQ: ISRGHealth CareIndustrial SpecialtiesUSD

423.96+8.55 (+2.06%)

At close: Oct 9, 4:00 PM ET · Delayed 15 min

Expiration date

Expiration: Jan 21, 2028
Days to expiration: 468
Share price: $423.96
Put/call ratio (OI): 0.42
Put/call ratio (volume): 0.40
ATM implied volatility: 41.2%
Expected move: ±$197.62
Open interest (C / P): 11.08K / 4.64K

ISRG options summary

The ISRG options chain for the January 21, 2028 expiration lists 60 call and 48 put contracts, with 468 days until expiration. Open interest stands at 11,079 calls and 4,642 puts, a put/call ratio of 0.42, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $420.00 strike is 41.2%, which implies the market expects a move of about ±$197.62 (46.6%) in Intuitive Surgical stock by expiration.

The most open interest sits at the $520.00 call (2.60K contracts) and the $480.00 put (1.01K contracts).

Summary generated from market data by MetaCap's automated system. Methodology

ISRG options chain · January 21, 2028

ISRG calls and puts by strike price. Shaded cells are in the money.
Calls							Puts
OI	Vol	IV	Last	Bid	Ask	Strike	Bid	Ask	Last	IV	Vol	OI
2	—	—	216.77	203.00	213.00	175.00	0.10	4.50	1.86	51.9%	1	30
3	4	71.5%	249.60	255.60	264.00	180.00	1.55	3.00	4.50	46.2%	—	1
2	—	69.1%	245.34	250.00	259.00	185.00	3.50	5.90	6.70	52.3%	—	2
1	—	69.7%	240.71	247.40	255.00	190.00	2.10	7.60	7.50	54.3%	—	2
7	1	68.6%	223.72	243.40	250.10	195.00	—	—	—	—	—	—
8	6	66.4%	231.45	237.00	246.00	200.00	1.05	6.90	7.00	50.0%	11	31
13	2	64.2%	218.40	228.00	237.00	210.00	1.75	7.30	7.20	47.9%	1	110
8	13	63.2%	215.30	220.00	229.00	220.00	4.90	7.70	6.13	45.9%	134	363
8	4	61.6%	207.10	211.00	221.00	230.00	0.00	0.00	11.54	12.5%	8	0
2	1	—	164.50	151.60	160.00	240.00	6.10	9.90	8.20	44.1%	3	50
19	2	58.7%	134.85	195.00	204.00	250.00	4.00	14.00	10.20	46.6%	2	121
15	1	58.4%	171.00	189.00	196.00	260.00	7.60	12.10	10.75	41.8%	1	13
5	1	56.2%	176.05	179.00	188.00	270.00	7.00	12.50	15.30	39.8%	10	37
13	1	56.1%	165.00	172.00	182.00	280.00	9.00	18.50	14.95	43.4%	1	95
50	2	53.9%	141.70	164.00	171.90	290.00	12.50	17.90	17.12	40.3%	2	43
76	1	53.2%	146.10	159.00	163.00	300.00	16.00	20.20	17.60	39.8%	1	400
16	5	53.0%	144.70	150.50	159.00	310.00	18.50	20.60	21.39	37.6%	1	61
25	2	52.0%	137.57	143.00	152.00	320.00	17.00	25.50	25.40	39.0%	4	105
37	1	50.6%	139.80	136.00	143.60	330.00	22.50	27.80	26.00	38.1%	7	42
44	1	50.7%	126.00	131.00	138.00	340.00	23.10	31.40	31.64	38.0%	1	59
159	2	50.1%	128.50	125.60	130.80	350.00	30.00	36.00	32.80	38.5%	26	349
96	1	51.7%	109.50	116.00	125.80	360.00	29.00	38.20	33.40	37.2%	1	73
199	2	51.1%	110.10	111.80	119.90	370.00	33.00	40.70	41.20	36.0%	10	170
120	1	50.4%	102.89	106.00	114.00	380.00	37.00	47.00	47.60	37.0%	36	167
27	1	49.6%	103.42	101.00	108.00	390.00	41.00	51.00	49.82	36.5%	1	71
173	6	49.2%	100.00	96.10	103.00	400.00	45.00	55.00	50.36	35.9%	2	521
32	1	48.6%	93.81	90.50	97.60	410.00	50.00	60.00	58.40	35.7%	23	65
38	2	48.3%	84.19	85.80	93.00	420.00	55.50	62.60	64.30	34.1%	1	31
ISRG $423.96
75	1	47.6%	66.51	81.00	87.80	430.00	61.60	70.00	71.00	34.9%	1	31
323	3	47.6%	81.00	75.00	84.00	440.00	65.00	73.10	76.70	33.4%	1	187
115	2	46.8%	64.40	72.60	78.90	450.00	72.40	81.00	90.70	34.2%	2	68
94	1	45.5%	71.50	66.00	73.00	460.00	77.00	85.70	88.80	33.3%	1	231
41	1	45.5%	62.30	62.00	69.80	470.00	85.40	91.70	95.20	33.0%	1	22
60	1	46.3%	56.67	61.50	68.00	480.00	89.00	96.50	103.90	31.9%	2	1,010
92	3	46.3%	60.70	55.00	65.00	490.00	128.00	136.00	160.03	48.9%	1	7
211	9	45.7%	58.00	52.00	61.00	500.00	0.00	0.00	124.66	—	1	0
103	5	44.5%	48.60	50.30	56.10	510.00	144.00	150.40	130.77	48.9%	1	9
2,602	4	44.1%	50.40	48.20	52.60	520.00	63.50	69.00	76.91	—	—	5
2,498	30	44.7%	38.00	44.20	51.30	530.00	—	—	—	—	—	—
57	2	45.3%	34.70	40.00	50.00	540.00	131.00	139.00	172.50	30.2%	2	48
42	1	44.1%	41.51	38.30	45.50	550.00	102.10	108.00	75.00	—	1	3
27	1	45.0%	37.85	35.00	45.00	560.00	—	—	—	—	—	—
49	2	44.3%	31.85	33.00	41.60	570.00	0.00	0.00	202.00	—	5	0
54	2	44.5%	32.60	31.00	40.00	580.00	119.00	127.00	81.60	—	1	2
92	2	44.4%	27.40	30.40	38.00	590.00	143.00	149.50	135.00	—	—	2
176	9	42.9%	31.11	28.70	33.60	600.00	188.00	197.00	186.09	35.2%	1	4
53	2	44.4%	22.84	24.30	33.00	620.00	—	—	—	—	—	—
735	3	42.9%	25.70	20.00	27.50	640.00	109.00	117.00	140.97	—	1	1
156	1	43.0%	19.36	18.20	25.10	660.00	281.00	291.00	277.60	57.8%	2	0
65	2	44.5%	16.00	15.00	25.00	680.00	301.00	311.00	268.90	59.5%	—	0
786	312	42.3%	14.25	13.80	19.60	700.00	—	—	—	—	—	—
52	60	43.0%	12.60	11.10	18.60	720.00	—	—	—	—	—	—
156	197	44.6%	11.50	9.00	19.00	740.00	311.00	320.00	369.88	30.1%	—	0
18	22	42.5%	8.80	11.40	14.70	760.00	—	—	—	—	—	—
21	3	41.3%	10.90	6.00	12.00	780.00	—	—	—	—	—	—
78	4	42.5%	9.20	8.90	12.10	800.00	374.00	384.00	342.08	38.4%	1	0
728	1	45.4%	6.80	4.00	14.00	820.00	—	—	—	—	—	—
38	1	43.4%	7.20	4.10	10.80	840.00	—	—	—	—	—	—
11	2	43.1%	6.10	3.00	9.50	860.00	—	—	—	—	—	—
273	33	41.0%	6.70	2.00	6.90	880.00	—	—	—	—	—	—

In-the-money callsIn-the-money puts. IV = implied volatility, OI = open interest (contracts). Each contract covers 100 shares. Quotes delayed at least 15 minutes.

Frequently asked questions

What is the ISRG put/call ratio?

For the January 21, 2028 expiration, the ISRG put/call ratio based on open interest is 0.42 (4,642 puts vs 11,079 calls), and 0.40 based on today's volume. A ratio above 1 means more puts than calls.

What is ISRG's implied volatility?

At-the-money implied volatility for ISRG options expiring January 21, 2028 is about 41.2%, an annualized estimate of how much the market expects Intuitive Surgical stock to move.

How many ISRG option expiration dates are there?

ISRG has 16 listed expiration dates, from Oct 16, 2026 to Jan 19, 2029.

What does "in the money" mean?

A call is in the money when the strike price is below the current share price; a put is in the money when the strike is above it. In-the-money contracts have intrinsic value and are shaded in the table.