Synaptic724
Short

ISRG Short/ Put Spread

NASDAQ:ISRG   INTUITIVE SURGICAL INC
ISRG Put Spread

EXP October 18th.

505/465 Put Spread $13.93 Max Loss 40 point spread

Target is $1300 Profit

Max loss is $750

Market is trending lower, RSI is showing divergence and this is market wide ISRG is showing a rounding topping pattern which may move toward further support at 460 which will be my exit.

Exit 1 = $460 underlying price while trying to get as close as possible to $1300 with a 10% tolerance plus or minus.

Exit 2 = Market reversed and I take a $750 loss. It's possible my time target could be too far out and I may hit my target early if the market sells off leading into September.
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