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hungry_hippo
Oct 15, 2020 5:54 PM

ISRG Earnings Short

Intuitive Surgical, Inc.NASDAQ

Description

MFI scrolling down from overbought, you figure they'd have to have blow out earnings to maintain this price level.

Haven't been doing well on earnings bets lately, so trade at your own risk.

Comment

Looks like the market isn't going to reward companies for beating reduced estimates. Down AH, will probably let it ride until EOD because I only bought one contract.

This means there will be other opportunities to short earnings this quarter.

Comment

Lol, every time I look at AH prices, it's lower.

$700 gap fill target for tomorrow.

Comment

Looks like a clean win on this one, conf call must've sucked. Now at 710AH, should hit my $700 target tomorrow morning.

Not a whole lot of short interest or puts on this one.... so there's room for further downside.

Comment

Congrats to the 2 people who liked the idea, lol.

Comment

No guidance for the quarter, that is very bad news. The Da Vinci System costs over 2M each, they're not some sort of off the shelf purchase. They must not be getting orders....

investors.com/news/technology/isrg-stock-fell-after-intuitive-surgical-again-declines-provide-guidance/

Trade closed manually

Bailed while I was still in the profit. Strange action, might reshort with next week's puts

Order cancelled

Apparently, AH traders and day time traders have different opinions on earnings, not going back in
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