$Adobe(ADBE)$
- Underlying: ADBE
- View: Cautiously Bullish. Expecting a continuation of the bounce towards the immediate resistance/pivot near $204-$210, but with defined risk.
- Strategy Type: Debit Spread / Defined Risk Bullish
- Option Contract Portfolio:
- Buy 1 ADBE 19 Jul 2024 $200 Call
- Sell 1 ADBE 19 Jul 2024 $210 Call
- Max Gain & Loss: Max Gain = ($210 - $200 - Net Debit). Max Loss = Net Debit Paid.
- Initial Cost/Credit: Debit of ~$3.00 (Estimated from chain: Buy $200 Call @ ~$5.40, Sell $210 Call @ ~$2.40).
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