Adobe, Inc. ADBE – Update
After continued success with SPY calls early this week and persisting through to their expiration yesterday, we issued yet another fresh options idea in yesterday morning’s premarket report for the ADBE chain.
ADBE reported a strong Q2 earnings beat and was looking ripe in the premarket. We signaled our interest in tracking the ADBE Weekly $285-290 Calls and we were exceedingly pleased with the idea’s first day performance, which yielded chances at multi-bag gains.
$289 Calls – Range: 2.94-7.40 – Max Gain: 152%
$289.50 Calls – Range: 1.83-5.25 – Max Gain: 187%
$290 Calls – Range: 1.07-3.51 – Max Gain: 228%
With the markets gapping up hard today, we would expect to see new highs on each of these contract, in which case we will report the final possible gains in tomorrow’s newsletters.
MORE FRESH IDEAS:
SPDR S&P500 (ETF) SPY Weekly $294-296 Calls
Commercial Metals Co. CMC Weekly $16-17 Calls
Oracle Corp. ORCL Weekly $55-56 Calls
IAG, ZYME, KGC, COMM, MLNT, SVM, URL