Adobe Expected To Move 5.25% After Earnings

, set to post earnings after the bell Tuesday, could see its shares move 5.25 percent up or down, according to market options data. In an interview with Benzinga, TD Ameritrade Chief Strategist JJ Kinahan noted recent options trades, including the sale of July $82.50 calls and the acquisition of July $70 puts. "A trade like that you could often say may be a collar trade," Kinahan said. "Given how far away the puts are from the money it leads me to believe it may be a collar trade." Wall Street analysts on average expect Adobe will post adjusted earnings of $0.45 a share, with revenue growing 8.7 percent to $1.16 billion. Adobe has been shifting its business to a subscriber-based model for its software from one centered around licenses. Adobe has beaten Wall Street's earnings expectations in each of the past four quarters, mostly by double-digit percentages.