More Money Saving Options on ADBE
I actually thought CSCO would fall more today than it did, expecially after the unemployment claims came in worse than expected. I didn’t panic with CSCO and waited to see if it would start to tank. I was considering shorting some, but apparently the markets decided it was already beaten up enough in the near term and only got a small spanking.
With my theory that Tech was going down, I thought ADBE would drop more too. It has some, but not like it was showing in pre-market bid/ask prices. When ADBE was around 32.45, I sold two new March 35 naked calls (AEQCG). I received $168.50 after commissions.
Technically they are naked calls, but at the end of next week I’ll be assigned 200 shares from my February 40 naked puts. That’s assuming ADBE doesn’t rally in the next week and make my Feb 35 naked calls come into play.
I’m trading […]
Original post by Alex Fotopoulos