Adobe Systems Incorporated (NASDAQ:ADBE) shares are trading higher by $7.30 at $129.65 in Friday's session.
The catalyst for the 6 percent gain is Q1 EPS beat of $0.07 along with a slight beat for sales. The company forecast Q2 earnings to come in above Wall Street estimates.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
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27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
Most of the gains occurred during the after-hours and pre-market trading. After a higher open, it had a brief dip to $127.55 before continuing its move higher. The follow-through rally took the issue all the way to $130.30, but has fallen back under $130.00.
The Street was leaning the right way into the report as the issue made a new all-time high ($123.60) and closing high ($122.35) on Thursday.