ADBE’s volatility has dropped and its share price has sagged. I am taking off the call side of the iron condor since it is cheap to do so.
- Bought ADBE 02/19/21 Call 510.00 @ 2.90
- Sold ADBE 02/19/21 Call 515.00 @ 2.22
This adjustment cost .68. The new position is
ADBE Feb 480P/-500P for a credit of 7.61.