Adobe executives leaving

Investor summaryBearish

Disappointed by ADBE executive departures and AI threats, author considers holding 100 shares assigned at $234 via cash-secured put.

Bull points

Earnings currently look decent.

Bear points

Leadership instability with the inability to find a new CEO and the CFO departing.
Lack of evidence that AI won't cannibalize the core software business.

ADBE财报季

Post body

Hey folks,

Disappointed with ADBE’s inability to find the next CEO and their CFO also left now. This company can’t catch a break. Although earnings looked decent (for now) but nothing proving that AI won’t eat their lunch.

Interested to know community thoughts here. I did some option trading (sold a cash secured put) and as a result I might end up owning 100 shares at roughly 234 cost basis now. I have the capital so not a problem but wondering if it’s worth it to own the shares or just buy that short put back and move on.

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