Don't Worry About the Tape-Painters

Honestly, I couldn't care less about tape-painting. At this point, I think it is more of an excuse to try and explain things than an actual fact. If anything, it has become a self-fulfilling prophecy. If you feel it is painting and someone is willing to give you a price you feel is artificial, then take it. Plain and simple. The opportunity is there, but simply pointing it out is useless. Either do something with it or ignore it.

If this push holds, I'll take the opportunity to adjust my Intuitive Surgical (ISRG) call spreads come Monday. Back on June 11, I talked about the July 19 $385-415 call spread for a bit under $12, although I ultimately ended up paying $12. Those have ballooned to $22.50, as the stock has run well above the $415 short leg. I will say the chart here still looks fantastic, and I want to find a way to adjust while leaving more upside....198 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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