Intraday Update: ADBE - T3 Live

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By Dan Darrow

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October 18, 2022

Intraday Update: ADBE

As it turns out, ADBE will be hosting an investor day after the close today (2:00 pm PT) and it was not listed on my catalyst calendar for the day. The early pop and now fade on the stock have made for a volatile morning, but potential guidance after the close today could lead to even larger volatility. I will leave the decision up to you whether you want to take the Nov18 $305 - $315 call spread into this afternoon's event (the risk is higher due to the potential for a gap), but from a technical and risk/reward perspective, the trade still is interesting, so it will remain open overnight.

Open Positions

* The following Open Positions pertain to the Options In Play trade ideas from this and previous editions. Disclosure of the Trader Co-Author’s actual portfolio holdings, as of the date of each publication, is made below under "Trader Author Portfolio Holdings.".

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Trader Author Portfolio Holdings

**As of the date and time of publication

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Scott Redler, Derrick Oldensmith, and Patrick Hawe are associated members of T3 Trading Group, LLC (“T3TG”), a SEC registered Broker-Dealer & Member of FINRA SIPC. All trades made by Scott, Daniel, Derrick, and Patrick are placed through T3TG.

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