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ISRG Covered Call Analysis: Proceed With Caution Weak · 58/100
Intuitive Surgical Inc (Healthcare) · $432.01 ·
Analysis generated Oct 30, 2026 ·
Data as of market close Oct 30
Quick Take
ISRG is trading at $432.01 with RSI at 55 (neutral territory). Options IV is at 36% — 46% below its 30-day average of 66%. Neither RSI nor IV strongly favor selling calls right now. Consider waiting for better conditions or using a different strategy.
Technical Signals
RSI (14)
55
IV Today
35.6%
IV vs 30d Avg
-47%
MACD
bearish
ADX
16
MFI
61
The Setup
ISRG Covered Call
LONG STOCK
100 shares @ $432.01
SHORT CALL
$465 Dec '26 · $15.0/sh
Net Cost
$41,701
Max Profit
+$4,799
Break-even
$417.01
Projected P&L at Target
+$4,799
(11.5%)
P&L at Expiry
P&L Scenarios
What happens at different ISRG prices by expiry:
| ISRG Price | Today | Nov 16 | Dec 2 | Dec 18 (exp) |
|---|---|---|---|---|
| $346 (-20%) | -$7,165 | -$7,144 | -$7,140 | -$7,140 |
| $367 (-15%) | -$5,068 | -$5,004 | -$4,981 | -$4,980 |
| $389 (-10%) | -$3,066 | -$2,919 | -$2,831 | -$2,820 |
| $410 (-5%) | -$1,230 | -$965 | -$734 | -$660 |
| $423 (-2%) | -$241 | +$100 | +$451 | +$636 |
| $432 (0%) ← now | +$364 | +$752 | +$1,184 | +$1,500 |
| $441 (+2%) | +$922 | +$1,350 | +$1,858 | +$2,364 |
| $454 (+5%) | +$1,666 | +$2,137 | +$2,731 | +$3,660 |
| $465 (+8%) ← target | +$2,227 | +$2,718 | +$3,345 | +$4,799 |
| $475 (+10%) | +$2,660 | +$3,151 | +$3,772 | +$4,799 |
| $497 (+15%) | +$3,369 | +$3,819 | +$4,339 | +$4,799 |
| $518 (+20%) | +$3,844 | +$4,217 | +$4,587 | +$4,799 |
Why This Strategy, Why Now
- RSI at 55 — neutral-bullish
- IV -46% vs avg — premiums below average, less income
- MACD bearish — stock may keep falling (risk)
- ADX at 16 — range-bound, perfect for selling calls
- No squeeze — no imminent breakout
Key Risks
The main risk is missing upside if ISRG rallies sharply. The premium received ($X per share) provides a buffer, but gains above the strike are forfeited.