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Another Adjustment to the ADBE Position

ADBE’s share price remains weak. I am rolling the position to January and rolling down the call side to reduce the debit in order to keep this dream alive.

  • Bought ADBE 12/18/20 Put 500.00 @ 33.73
    Bought ADBE 01/15/21 Put 475.00 @ 24.13
    Sold ADBE 12/18/20 Put 475.00 @ 18.02
    Sold ADBE 01/15/21 Put 500.00 @ 38.99
  • Sold ADBE 01/15/21 Call 510.00 @ 11.03
    Bought ADBE 01/15/21 Call 515.00 @ 9.78
    Bought ADBE 12/18/20 Call 520.00 @ 3.67
    Sold ADBE 12/18/20 Call 525.00 @ 3.02

The adjustment cost 0.25. The new position is

ADBE Jan 475P/-500P/-510C/515C for a credit of 7.58.

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