Sunday, February 11, 2007

Interesting Action in Adobe and Comcast

Adobe and Comcast is also an interesting candidate for some options play. The prices of these options have been deflated due to recent decline in share prices and is trading at a discount. I would be compelled, if I wanted to play this, to look at the June options slightly out of the money for Adobe and July options slightly out of the money for the Comcast options. I believe that the rbound is in order for these share prices before the options expiration and it should provide for some good upside.

I would probably be interested in taking 10 to 50 contract positions in these options with expectations of returning a quick $1000 to $5000 returns.

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