Surgical Strike

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I have thirty bearish positions in my main portfolio. I’d like to feature one of them, Intuitive Surgical, in this post. Even with the diminishment in price this year, this sucker still is sporting a P/E of 70, and the topping pattern seems as plain as day. I have March 17th $300 puts (which is awfully deep in the money, I realize).

Here is the longer-term chart. As you can see, this thing did nothing but print money for shareholders for years on end, but the tide has turned.