🎯 $Adobe Inc.(ADBE) Options Strategy: Bull Call Spread

DailyOptions999
06-29 16:48

$Adobe(ADBE)$

- 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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