How to trade Adobe's upcoming earnings using options

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Mike Khouw breaks down the various trade scenarios in the software stock.

There's a software stock bucking the tech sell-off that reports earnings this week. I'll break down various option trade scenarios into the earnings, focusing on one that will benefit from a big move in any direction. Adobe , which reports Thursday, is a global leader in digital media, marketing, and document management solutions.

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Click here for the full disclaimer.An options trade that pays off if the S&P 500 fails to get back to new highs in the next month

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