By Dan Darrow

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.".

Trader Author Portfolio Holdings

**As of the date and time of publication