Jeff 11:53 am on Thursday, July 19, 2018
Tags: Earnings ( 3,108 )

ISRG overdone?

#Earnings I sold two (2) $ISRG July 20th 520/525 call spreads for 2.75. Max loss 2.25. Chart looks over done. Better than 1:1 so why not?

fuzzballl 12:00 pm on Thursday, July 19, 2018

Seems reasonable and probably fairly easy to roll…
Option Iceman 12:09 pm on Thursday, July 19, 2018

ISRG has confirmed that earnings will be announced Thursday. The consensus earnings are $2.50, with a high and low of $2.62 and $2.34, respectively. The mean has not changed significantly as the end of the quarter nears.
Expected Timing: After close

This is a $525 stock that could move 25-50 points on earnings. I’d be cautious here
- Jeff 12:11 pm on Thursday, July 19, 2018
  
  Yes, that’s why I’m using defined risk.
Jeff 1:15 pm on Thursday, July 19, 2018

So much for that idea! Look at this stock on all time frames…. it is nutty bullish.