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ISRG Covered Call Analysis: Proceed With Caution Weak · 35/100
Intuitive Surgical Inc (Healthcare) · $450.62 ·
Analysis generated Apr 13, 2026 ·
Data as of market close Apr 13
This strategy is NOT recommended for ISRG right now
Score 35/100. The technical signals do not support selling covered calls on ISRG at this time.
RSI at 37 — oversold, not ideal for selling calls. IV -47% vs avg — premiums below average, less income. ADX at 31 — strong trend, stock may run past strike.
Check back when conditions improve, or consider a different strategy.
Quick Take
ISRG is trading at $450.62 with RSI at 37 (oversold territory). Options IV is at 32% — 47% below its 30-day average of 62%. Neither RSI nor IV strongly favor selling calls right now. Consider waiting for better conditions or using a different strategy.
Technical Signals
RSI (14)
37
IV Today
32.5%
IV vs 30d Avg
-47%
MACD
bullish
ADX
31
MFI
38
The Setup
ISRG Covered Call
LONG STOCK
100 shares @ $450.62
SHORT CALL
$485 Jun '26 · $14.28/sh
Net Cost
$43,634
Max Profit
+$4,866
Break-even
$436.34
Projected P&L at Target
+$4,866
(11.2%)
P&L at Expiry
P&L Scenarios
What happens at different ISRG prices by expiry:
| ISRG Price | Today | May 5 | May 27 | Jun 19 (exp) |
|---|---|---|---|---|
| $361 (-20%) | -$7,656 | -$7,601 | -$7,584 | -$7,584 |
| $383 (-15%) | -$5,525 | -$5,399 | -$5,336 | -$5,331 |
| $406 (-10%) | -$3,522 | -$3,286 | -$3,114 | -$3,078 |
| $428 (-5%) | -$1,708 | -$1,340 | -$986 | -$825 |
| $442 (-2%) | -$734 | -$288 | +$195 | +$527 |
| $451 (0%) ← now | -$138 | +$354 | +$919 | +$1,428 |
| $460 (+2%) | +$414 | +$945 | +$1,583 | +$2,329 |
| $473 (+5%) | +$1,158 | +$1,732 | +$2,450 | +$3,681 |
| $485 (+8%) ← target | +$1,727 | +$2,320 | +$3,071 | +$4,866 |
| $496 (+10%) | +$2,176 | +$2,772 | +$3,521 | +$4,866 |
| $518 (+15%) | +$2,937 | +$3,501 | +$4,166 | +$4,866 |
| $541 (+20%) | +$3,480 | +$3,975 | +$4,498 | +$4,866 |
Why This Strategy, Why Now
- RSI at 37 — oversold, not ideal for selling calls
- IV -47% vs avg — premiums below average, less income
- MACD bullish — stock has upward momentum
- ADX at 31 — strong trend, stock may run past strike
- No squeeze — no imminent breakout
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.
ADX at 31 indicates a moderately strong trend. In trending markets, covered calls cap your upside too early. Use a higher strike to leave more room.