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.
Trader Author Portfolio Holdings
**As of the date and time of publication