ADBE

Just one contract so I’ll play with it. All of this is before earnings. Setting up an inverted Jade Lizard.

Rolled ADBE Jan 17 2025 435.0 Put to Feb 21 2025 420.0 Put @ .50 debit (3.70 total now)
Sold ADBE Feb 21 2025 410/420 Bear Call Spread @ 6.40

No upside risk but very little profit. Downside breakeven now 409.90 and can roll this into earnings if needed to get everything lower.