Got the bounce I was looking for today. Put the call side of the iron condor back on. Stock has dropped too much to get back to my original strikes of 600/605, but I see more selling pressure in the coming week or two. As it is, the trade has an 86% of achieving max profit.
Sold ISRG June 12 565/570 call spreads for ($2.65-$2.10) x 100 x 5 spreads = $275 premium received
More selling pressure today. Taking this opportunity to close out some of the call sides of the iron condors I have on. Will look to redeploy them (possibly at different strike prices) on a decent bounce.
BTC ISRG June 12 600/605 call spreads for ($1.00-$0.80) x 100 x 5 spreads = $100 paid vs. $300 received = $200 profit
While not a losing trade right now, the Intuitive Surgical, Inc (ISRG) credit put spreads from this post are certainly being tested. Not willing to risk it with only a few days until May opex. Better to punt now while I'm still above water, and roll out to June. Doing this also allows me to place strike price of the short option lower.
Sold ISRG June 12 520/515 put spreads for ($6.25-$5.35) x 100 x 5 spreads = $450 premium received
Sold ISRG June 12 600/605 call spreads for ($3.55-$2.95) x 100 x 5 spreads = $300 premium received
Total credit for the spread is $750.