ADBE for upside anticipation. I use everything ADBE.. Photoshop, Illustrator, Pagemaker, Acrobat and usually go long through earnings with some calls. We might try a strangle but I still like the long side better. Picked up 40 September ADBE calls @ $0.70, after the 3 day pullback gives it more room to expand, but I did miss the bounce in the stock itself so I'm waiting above 38.80.
The 35 puts are very cheap you can get em now at only $0.30, so the strangle is only one buck for an "insurance policy" because ADBE will NOT be static after the report.
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