$ISRG · Schwab Network · 2026-11-05
说话者看涨ISRG，理由是第三季度营收增长22%至30亿美元、手术量增长15%，受老龄化人口对微创手术的需求推动；技术面上，他提到350附近的双底、突破约400的缺口以及移动均线交叉，阻力位在492/512；尽管看涨，他仍希望通过牛市看跌价差获得保护。
逐段跳播
接下来是“Intuitive Surgical”。他们在第三季度实现了强劲增长。今天他们也面临一些压力，下跌了约2.5%。事实上，在我们开始这一部分时，他们还处于上涨区间。所以，走势变化很多。
"Intuitive Surgical" is the next name here. They achieved strong growth in the third quarter. They are also under some pressure today, with a decrease of about 2.5 percent. In fact, they were in the positive zone when we started this part. So, there are a lot of moves.
至于“Intuitive Surgical”，我关注他们已经有一段时间了。他们在制造“Da Vinci”机器人，并提供辅助手术系统，让医生能够借助机器人系统进行精准的远程手术。
所以，我对“Intuitive Surgical”印象非常深刻。如你所知，这正是医疗保健开始与科技高度相似的地方，而且不必担心人工智能会如何影响它，也不必担心他们是否会建数据中心。
但是，当科技与手术和医疗保健结合在一起时，我认为这里有一个很强的故事。
As for "Intuitive Surgical," I have been following them for a while. They are building the "Da Vinci" robot, and providing an assisted surgical system that enables doctors to perform remote surgeries with precision and robotic systems.
So, I'm really impressed with " Intuitive Surgical". As you know, this is where healthcare starts to resemble technology a lot without having to worry about how artificial intelligence will affect it , or whether they will build a data center or not.
But, when technology comes together with surgery and healthcare, I think you have a strong story here.
如果你看他们第三季度的营收，增长了22%，达到30亿美元，对吧？如果你再看全球的手术量，增长了15%。这时你会再次想到婴儿潮一代。为什么手术量可能增长约15%？我并不是说这仅限于婴儿潮一代，我需要更深入地研究这一点，但底线是，越来越多的人在接受手术，这一点我们是知道的。
我们都在变老，这是好事。我们活得更长，但我们将需要像这样的公司及其技术，来进行创伤更小、且在世界任何地方都可行的手术。这意味着你可能无需前往某地就能获得更好的医疗保健，这对Intuitive Surgical来说是一个很大的加分项。
If you look at their revenue in the third quarter, it rose by 22% to $3 billion, right? If you also look at surgical procedures around the world, they have grown by 15%. This is where you start thinking again about the baby boomer generation .
Why might surgical procedures grow by approximately 15%? I'm not saying it's limited to the baby boomer generation, and I'd need to delve deeper into that, but the bottom line is that more and more people are having surgeries, and we know it.
We are all getting older, and that's a good thing. We are living longer, but we will need companies like these with their technologies to perform surgeries that are less invasive and feasible from anywhere in the world.
This means you may be able to get better healthcare without having to travel somewhere, which is a big plus for Intuitive Surgical.
从技术面来说，我知道Rick会来点评图表，但我忍不住要提一下。我们在350附近有一个双底（W）形态，而且我们最近在10、20和200均线上方出现了均线交叉，伴随回调和反弹，表明趋势正朝那个方向发展。
因此，我在这里看好Intuitive Surgical的股票。
Technically speaking, I know Rick will be reviewing the chart, but I can't help but mention it. We have a double bottom ( W) pattern around the 350 level, and we recently got a moving averages crossover above the 10, 20 and 200 levels with a pullback and bounce indicating a trend in that direction.
Therefore, I am optimistic about Intuitive Surgical's stock here.
这个形态在我看来就像字母W。这通常表明我们这里有一个稳固的支撑区域。我们在盘中录得最低点328.57，但同时发生了两件事。第一，我们从类似的点位反弹并站稳，然后继续上行。这表明这是一个强劲的关键支撑区域。
但另一件让我感兴趣的事是，我们的第二个低点高于之前的低点，表明额外的强势。
Well, you know, this pattern looks like the letter W here to me. What this usually indicates is that we have a stable support area here. We recorded our lowest point of 328.57 during the day, but, two things are happening at the same time.
The first is that we bounced back from a similar point and held firm before continuing our ascent. This indicates that this is a strong key support area. But the other thing that interests me is that our second lows were higher than the previous lows, indicating additional strength.
目前，我们还注意到这里有一个缺口，一直充当相当稳定的屏障。这个缺口大约在400附近打开。我们在那里多次见顶，但在我们的W形形态中经过这些反复测试后突破了。既然我们已经突破了那个水平，492，也就是这个高点，以及512，也就是横盘表现期间另一个突出的高点，就成为两个潜在的阻力区域。
下行方面，我们的缺口从444开始，我们在430附近有相对低点。
For the time being, we have also noticed a gap here that has been acting as a fairly constant barrier . The gap opened up there around the 400 level approximately. We have peaked there several times , but we broke through after these repeated tests in our W-shaped formation.
Now that we have broken through that level, 492, which is this high point, and 512, which is another prominent high point from a period of sideways performance, stand out as two areas of potential resistance.
On the downside, our gap started at 444, and we have relative lows near 430.
所以，我也看到这里的趋势在加速。我们的蓝色通道是我们最初在这里看到的。它已经进入我们的白色通道，后者在这里更陡峭、更明显。这通常表明这里的趋势正在改善。
So, I also see an acceleration in the trend here. Our blue channel is what we initially saw here. It has moved into our white channel, which is sharper and more pronounced here.
This is usually a sign that the trend is improving here.
关于均线交叉，我看的是指数移动平均线。5、21、63、251，也就是这里的周、月、季和年线。我们在这里非常迅速地接连突破了所有这些水平。我们深蓝色的5日周均线位于这里约460附近，但我们这里的年均线和月均线也出现了汇聚。
我们的251日均线和21日均线在约439处汇合。这给了我们一个重要的汇聚点，需要关注其形成支撑的可能性。
Regarding moving average crossovers, I look at exponential moving averages. 5, 21, 63, 251, i.e., weekly, monthly, quarterly and annual here. We have surpassed all those levels in very rapid succession here.
Our five- day weekly average in dark blue is located here at around 460, but we also have a convergence of our annual and monthly averages here. Our 251-day and 21-day averages come together at approximately 439.
This gives us an important point of convergence that needs to be monitored for the possibility of support.
相对强弱指数（RSI），就像我们上一张图表一样，曾处于超买区，但我们现在已经回落到70水平以下。所以，该指数目前为66。这仍然是一个相当高的读数。相对强弱指数（RSI）只在0到100之间。
所以，如果你的看法是看涨的，我会等它升破该水平。
The Relative Strength Index (RSI), like in our previous chart, was in the overbought zone , but we have now fallen back below the 70 level. So, the index is currently at 66. It is still a fairly high reading.
The Relative Strength Index (RSI) is only between 0 and 100. So, I would wait for it to rise above that level if your outlook is bullish.
成交量分布显示，靠近我们当前活动的最重要区域之一，大约在470到496之间，是价格在该水平上方开始回落的地方。它在这里再次上升，接近约550。然后这里还有许多小得多的节点需要考虑，大约在450附近和大约430附近。
The trading volume profile shows that one of the most important areas close to our current activity, roughly between 470 and 496, is where things start to pull back above that level.
It rises again here, near approximately 550. Then there are many much smaller nodes to consider here, around 450 and around 430 approximately.
是的，当然。Rick提出了一个非常好的观点。我们在440附近看到了一个向上缺口。所以，尽管我看涨，但我想保护自己。我之前分享过这一点。我喜欢处于即使我错了也能赢的位置。因此，我希望以看涨的观点进行交易，但使用“牛市看跌价差”策略。
我想买入一份行权价为400、到期日为2027年1月15日的看跌期权。抱歉，我的意思是看跌期权。我大约会为此支付4美元。我想卖出同月同年但行权价为410的期权。这会给你带来约8美元的收入。
所以，你的净余额是4美元。我喜欢它的一点是，这个水平比Rick谈到的那个向上缺口低约30点。因此，我们可以从当前位置回落40点。我们还可以再跌30点，才会接近被行权或我们的卖出期权被对手方行权。
因此，我喜欢有一点安全边际。所以，无论股票上涨还是横盘，它都可能跌到低至约70点。我们将保留那4美元的差价。所以，我喜欢这一点。而你只冒约10美元的风险来实现那4美元。这意味着40%的潜在回报。
我喜欢这些数字，我认为胜算对我们有利。然后，距离到期日只有71天。我喜欢在一年中的这个时候做这些交易，因为我们会经历感恩节、圣诞节和新年。因假期而缩短的交易周对你有利，因为对于那些持有这些期权、希望股票下跌或朝某个方向移动的人来说，时间在流逝。
Yes, of course. I mean, Rick raised a very good point. We have seen an upward gap around the 440 level. So, although I am bullish , I want to protect myself. I've shared this before.
I like to be in a position where I win even if I am wrong. Therefore, I am looking to trade with a bullish outlook but using a "bull put spread" strategy. I would like to own a put option with an strike price of 400 and an expiry date of January 15, 2027.
Sorry, I mean a put option. I would pay about $4 for that. I would like to sell an option in the same month and year but with an execution price of 410. This would give you an income of about $8.
So, your net balance is $4. What I like about it is that this level is about 30 points below that upward gap that Rick talked about . Therefore, we can go back 40 points from where we are now.
We could drop another 30 points before we even come close to being called or having a sell option exercised against us. Therefore , I like to have a little margin of safety . So, whether the stock rises or moves sideways, it could fall as low as around 70 points.
We will keep that $4 difference. So, I like that. And you only risk about $10 to achieve those $4. This means a potential return of 40%. I like these numbers and I think the odds are in our favor .
Then we are only talking about 71 days until the due date. What I love about doing these deals at this time of year is that we have Thanksgiving, Christmas, and New Year's. Shortened trading weeks due to holidays work in your favor, because time is passing for people who hold those options, hoping that the stock will go down or move in a certain direction .
好。所以，Intuitive的股票今天在471.05，我们下跌了2.25%。
Good. So, Intuitive's stock is at 471.05 today, we are down 2.25%.