ADBE Adobe Options Ahead of Earnings

12 Jun 2023

Analyzing the options chain of ADBE Adobe prior to the earnings report this week,
I would consider purchasing the 460usd strike price Calls with
an expiration date of 2023-7-21,
for a premium of approximately $21.60.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.

Looking forward to read your opinion about it.

16 Jun 2023

Dagangan ditutup: sasaran tercapai

ADBE trading at $518.74 after the earnings.
Calls went up from $21.60, when I wrote this article, to $61.25 today, for a 2.8X gain!
Fantastic!