AI SUMMARY — Trader is holding $70K in Adobe call options (12/17/2027 expiration) across multiple strikes ($250 and $200), averaging down through declines with a break-even point around $300 at expiration. Key risks include continued stock decline, time decay on long-dated calls, and the need for significant Adobe stock appreciation to reach profitability.
| TICKER | ADBE |
USER | u/hazxrrd |
| RATING |
BULLISH |
ENTRY |
$219.65
|
| POSITION |
15 contracts (1500 sh eq)
|
BOOK VAL |
$329475.00 |
| CURRENT |
$219.72 |
P&L % |
+0.03%
|
| CURR VAL |
$329580.00 |
P&L $ |
+105.00
|
I have been holding 12/17/2027 $250Cs since the beginning of the year, averaging down as it tanks.
Up to 13 contracts at $46.67, and picked up two $200Cs for $47.48 each after the ER meltdown.
I also have some realized losses as I rolled down my strike, with a BEP at expiration around $300.
I’ll make sure the fries are in the bag 🫡