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Why ISRG Is an Excellent Covered Call Candidate Right Now Strong · 83/100
Intuitive Surgical Inc (Healthcare) · $404.76 ·
Analysis generated Oct 7, 2026 ·
Data as of market close Oct 7
Quick Take
ISRG is trading at $404.76 with RSI at 58 (neutral territory). Options IV is at 36% — 38% below its 30-day average of 58%. Neither RSI nor IV strongly favor selling calls right now. Consider waiting for better conditions or using a different strategy.
Technical Signals
RSI (14)
58
IV Today
36.0%
IV vs 30d Avg
-38%
MACD
bullish
ADX
13
MFI
71
The Setup
ISRG Covered Call
LONG STOCK
100 shares @ $404.76
SHORT CALL
$435 Dec '26 · $17.7/sh
Net Cost
$38,706
Max Profit
+$4,794
Break-even
$387.06
Projected P&L at Target
+$4,794
(12.4%)
P&L at Expiry
P&L Scenarios
What happens at different ISRG prices by expiry:
| ISRG Price | Today | Oct 31 | Nov 24 | Dec 18 (exp) |
|---|---|---|---|---|
| $324 (-20%) | -$6,438 | -$6,357 | -$6,326 | -$6,325 |
| $344 (-15%) | -$4,568 | -$4,405 | -$4,311 | -$4,301 |
| $364 (-10%) | -$2,826 | -$2,552 | -$2,333 | -$2,278 |
| $385 (-5%) | -$1,258 | -$860 | -$457 | -$254 |
| $397 (-2%) | -$417 | +$50 | +$572 | +$960 |
| $405 (0%) ← now | +$99 | +$606 | +$1,203 | +$1,770 |
| $413 (+2%) | +$579 | +$1,120 | +$1,780 | +$2,580 |
| $425 (+5%) | +$1,228 | +$1,805 | +$2,534 | +$3,794 |
| $435 (+7%) ← target | +$1,701 | +$2,294 | +$3,051 | +$4,794 |
| $445 (+10%) | +$2,130 | +$2,726 | +$3,482 | +$4,794 |
| $465 (+15%) | +$2,821 | +$3,392 | +$4,074 | +$4,794 |
| $486 (+20%) | +$3,333 | +$3,845 | +$4,400 | +$4,794 |
Why This Strategy, Why Now
- RSI at 58 — neutral-bullish
- IV -38% vs avg — premiums below average, less income
- MACD bullish — stock has upward momentum
- ADX at 13 — range-bound, perfect for selling calls
- No squeeze — no imminent breakout
- MFI at 71 — money flow confirms overbought
Key Risks
ISRG has bullish momentum (MACD). If a positive catalyst emerges (earnings beat, product launch), the stock could gap past your strike. Consider rolling the call up if ISRG approaches the strike before expiry.