🎯 $Intuitive Surgical (ISRG) Options Strategy: Bull Put Spread (Credit Spread)
$Intuitive Surgical(ISRG)$
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Underlying: ISRG
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View: Cautiously Bullish. Expecting the stock to hold above support and potentially grind higher.
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Strategy Type: Bullish, Credit Spread, Defined Risk
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Option Contract Portfolio:
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Sell 1 ISRG 19 JUL 2024 $375.00 PUT @ ~$11.25 (Mid)
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Buy 1 ISRG 19 JUL 2024 $365.00 PUT @ ~$6.70 (Mid)
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Max Gain & Loss:
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Max Gain: Initial Credit = ~$4.55 per spread
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Max Loss: (Strike Width - Credit) = ($10 - $4.55) = ~$5.45 per spread
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Initial Cost/Income: Initial Net Credit of ~$4.55 per spread.
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