🎯 $Intuitive Surgical, Inc.(ISRG) Options Strategy: Bull Call Spread

DailyOptions999
07-17

$Intuitive Surgical(ISRG)$

- Underlying: ISRG

- View: Cautiously bullish, expecting a consolidation/bounce from oversold levels post-earnings, with potential to test higher resistance.

- Strategy Type: Debit Spread / Directional Bullish

- Option Contract Portfolio:

- Buy 1 ISRG 24JUL26 400 Call @ $18.50 (Mid Price: $20.05)

- Sell 1 ISRG 24JUL26 415 Call @ $11.02 (Mid Price: $11.60)

- Max Gain & Loss: Max Gain = Spread Width - Net Debit = $15 - $6.48 = $8.52. Max Loss = Net Debit = $6.48.

- Initial Cost/Credit: Net Debit = ~$6.48.

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