Eurotrader

Why I Sold ISRG

Great article and great reasoning. I looked at this stock over the weekend and did the same thing - by buying Jan puts against an underlying long positiion. I think that the vertical phase of this stock is about done by a varierty of additional technical factors - at least in the near-term...
Catalyst for a substantial technical retracement could be a rate cut disappointment on Wednesday (25 bp cut now with a hawkish FOMC statement stating inflation concerns) coupled with a poor employment number that might send most pre-FOMC longs out of the market.