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Adjusting ADBE Again

This position needs more time to work out so I am rolling the put spread to March and selling a March call spread on a day when the stock price is showing some life. This adjustment decreases the maximum possible loss on the position while extending the opportunity to be right.

  • Sold ADBE 03/19/21 Call 500.00 @ 10.18
  • Bought ADBE 03/19/21 Call 520.00 @ 6.48
  • Sold ADBE 03/19/21 Put 500.00 @ 45.15
  • Bought ADBE 03/19/21 Put 480.00 @ 31.98
  • Bought ADBE 02/19/21 Put 500.00 @ 39.87
  • Sold ADBE 02/19/21 Put 480.00 @ 24.85

An additional 1.85 was collected by making this adjustment. The new position is

ADBE Mar 480P/-500P/-500C/520C for a credit of 9.46.

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