By Dan Darrow

October 25, 2022

Intraday Update: ISRG

ISRG is an unexpected surprise this morning. The company announced a $1b accelerated share repurchase in an 8k filing this morning, leading to a sharp pop to the 230s on the stock. The just-initiated Nov18 $225 - $235 call spread is well into the money now, so the plan will be to book the trade early (no roll-up). We will wait for a new setup once the stock consolidates.

Open Positions

* The following Open Positions pertain to the Options In Play trade ideas from this and previous editions. Disclosure of the Trader Co-Author’s actual portfolio holdings, as of the date of each publication, is made below under "Trader Author Portfolio Holdings.".

Trader Author Portfolio Holdings

**As of the date and time of publication