YOUR ACTION PLAN As you can see in the chart below, Adobe (Nasdaq: ADBE) has a classic TPS setup. With ADBE set to report earnings in just over two weeks, the options are very pricey, so I'm looking to enter on a pullback to $520. I'd like to buy the September 8 $530 calls and sell the September 8 $540 calls against them - this is called a call debit spread. If you'd like to get more trade ideas like this one, I invite you to join my latest service, Profit Surge Trader. Once you join, you'll be able to follow along as I trade ONE TICKER multiple times every month for maximum potential profit. Click here to join Profit Surge Trader. And if you have other stock tickers you want me to cover with my TPS system like I did today with NIO and the others, email me at feedback@monumenttradersalliance.com, and I'll let you know my thoughts on a few of them. |
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