Jon Markman’s Big Winner of 2011
I recommended Intuitive Surgical (NASDAQ:ISRG) July $350 Calls on my expectation that the stock would act at the end of June as it headed into earnings much as it did at the end of March. That is, ISRG would blast out of a short-term downtrend and set a new high.
I was right. In just one day, shares surged and traders banked a 23% gain. Two days later, ISRG fulfilled my goal of hitting a new all-time high and investors captured a 102% gain. We went on to close the remaining position up a whopping 106%, truly capturing lightning in a bottle.
ISRG has been one of the best stocks of the recent era, outpacing even Apple (NASDAQ:AAPL), and it was easy money for traders.
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