- Underlying: ADBE
- View: Cautiously optimistic for a short-term oversold bounce, expecting consolidation or a modest move higher, but with significant resistance at $248.57.
- Strategy Type: Credit Spread, Bullish to Neutral
- Option Contract Portfolio:
- Sell 1 ADBE June 5, 2026 (20260605) $240.00 Put @ $3.40 (Mid)
- Buy 1 ADBE June 5, 2026 (20260605) $235.00 Put @ $1.69 (Mid)
- Max Gain & Loss: Max Gain = $171 Credit, Max Loss = $329 (Width of strikes - Credit)
- Initial Cost/Credit: Initial Credit of ~$171 per spread.
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