Adobe looks cheap to trade ahead of earnings

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Adobe looks cheap to trade ahead of earnings $ADBE (via OptionsAction)

The options market is implying about a 4% move in either direction for shares of the cloud giant after it issues fiscal second-quarter results, Dan Nathan, co-founder and editor of RiskReversal.com, said Monday.

"Earlier in the month, it had a dip. It found some technical support right at its 200-day moving average," he said, adding that now, the risk of buying options on Adobe is muted relative to the implied move.

 

आपकी टिप्पणी के लिए धन्यवाद। आपकी टिप्पणी समीक्षा के बाद प्रकाशित की जाएगी।

OptionsAction Gotta be cheaper than a Creative Cloud subscription.

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