ADBE Adobe Options Ahead of Earnings

Mar 11

If you haven`t sold the double top on ADBE:

Now analyzing the options chain and the chart patterns of ADBE Adobe prior to the earnings report this week,
I would consider purchasing the 240usd strike price Puts with
an expiration date of 2026-8-21,
for a premium of approximately $15.50.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.

Apr 17

Trade active

ADBE Adobe traded at $243.50 today and the Puts went up from $15.50 (when I wrote this article) to $21.05 for about 30% gain.