Mako Surgical Corp (MAKO)

 

When  NuVasive (NUVA) reported an earnings miss on October 4th, folks feared a slowdown in the medical device sector and sold off some of the more vulnerable companies like Mako Surgical Corp(MAKO).  Two days prior Mako Surgical Corp(MAKO) stood at $18.32 and on that day it fell to $15.32, Over the next few weeks Mako Surgical Corp(MAKO) continued to fade to $14.18 and seemed headed to it's August low of  $11.99. That was until Intuitive Surgical reported a massive beat in it's earnings report yesterday.

That should be enough to spark a rally back under Mako Surgical Corp(MAKO) shares back near $18-19 short term. Folks are usually late to the party, and the bandwagon can get full, but now is a good time to look at Mako Surgical Corp(MAKO) before folks bid her up too high.

We currently hold the $15 and $17.50 OCT calls.

Profile photo of jimmybobJimmyBob (Scott)has been trading equities for over 15 years, a majority of which were OTC micro-cap stocks. He started trading high risk stock options over the past 7 years, and has proven winning trades in excess of 15,000%.

As one of the Co-Founders of optionmillionaires.com, Scott enjoys sharing his knowledge with other investors through timely blog posts, daily watch lists in the forum, weekly webinars, and helpful advice within the chatroom.

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