ADBE would announce ER after close today, trading at 29, it's Jane 20 call/put total is 3.25, that is the TM for both side! Will watch closely the ATM TM tomorrow to see how ER affected TM. Closed at 29.17, up 0.39, its 31/32 call spread is 0.27; 28/27 Put spread is 0.33.
Four strategies comparison:
Bullish:
Sell 28/27 call spread for 0.33;
Buy stock and sell 29 call for 1.75;
Bearish:
Sell 31/32 call spread for 0.27;
Short ADBE and sell 20 Put for 1.5;
Let's see what is the best solution tomorrow.
Also interested to see OE day BIDU case, it broke ballenger squeeze and broke support at 102, and ended the OE in very low place to broke all Iron Condor trade.
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