ADBE – My largest position in my portfolio (400 shares)
I bought my 400 shares of Adobe at an average price of around $517 — sob sob — and am i worried?[Cry]
To be frank, yes - the stock has been on the decline since last year. But no matter how I look at it — low debt, consistent share buybacks, and earnings that beat estimates — what more can I ask for? Well, maybe just the price going up.[Cool]
I'm still bullish on my largest position and have sold two puts at $407.50 and $395 recently, collecting total of over $2,400+ in total premium, with an expiration date of June 13, 2025.
Why not lower strikes? Because I'm still bullish on this stock. Unless the fundamentals change, I believe the market will rotate back into Adobe — and hopefully that happens this month, June 2025.
Fingers crossed and hope to collect the full premium.[Happy]
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Are better AI tools from others weighing on Adobe ?
Adobe will lose a lots of business to AI and Automation ?