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.
OptionsAction Gotta be cheaper than a Creative Cloud subscription.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: