Adobe just fell to its lowest price in more than 8 years

ADBE is now down more than 70% from its 2021 peak. So if you bought and held one of the "safest" software names in the market, you're sitting on one of the ugliest drawdowns in mega-cap tech.

But as a premium seller, this is exactly where the opportunity starts. This is where I look for asymmetric structures. My famous put ratio is one example.

Stack enough credit into high IV and the premium pulls your EFFECTIVE COST BASIS TOWARD ZERO.

The stock can keep falling, but you don't need to own it blindly. This is why we sell volatility instead of holding the stock.

More specific trade ideas on ADBE coming soon.

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Adobe just fell to its lowest price in more than 8 years