Options Playbook Radio 192: Taking a LEAP with ISRG

In this episode, we are looking beyond the Options Playbook and are selling a put credit spread to pay for a long call. You can find more on p. 76 of The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition. Specifically: Looking at Intuitive Surgical, Inc. (ISRG), which has been on a tear lately Earnings pushed the stock even higher Expensive underlying = expensive options Taking a long view using LEAPS Selecting strikes for the put spread Buying the at-the-money call How does the trade work? What is the cost? What is the risk? How to close it out? Alternatives to the trade as described Do you have a question that you want answered on a future episode? Send them to Brian at [email protected], or to the Options Insider at [email protected].