ADBE is up 8.0% with IV30⢠up a huge 74.4%. The <a href="http://www.livevol.com/">LIVEVOL⢠Pro Summary</a> is below. <img src="http://www.livevolpro.com/help/images/blog/adbe_summary.gif"> Rumors abound of a deal with MSFT. Let's look to the Skew Tab (<a href="http://livevol.blogspot.com/2010/10/adbe.html">in the article</a>) <img src="http://www.livevolpro.com/help/images/blog/adbe_skew_10-7-2010.gif" width="600"> <b>------------------------------------------ For a limited time we are offering a FREE real-time trial to Livevol Proâ¢. Yup, that's right, we will pay your exchange fees and allow access to the front end powering Market Makers on every exchange floor in the United States. You can get your trial by following the directions here: <a href="http://www.livevolpro.com/help/free_trial.html">Click for Free Trial Offer</a> ------------------------------------------</b> We can see a tremendous upside skew, totally reverse of "normal skew." The upside is super bid, back months haven't reacted yet. Looking to the Options Tab (<a href="http://livevol.blogspot.com/2010/10/adbe.html">in the article</a>), we can see the Oct 34 calls are $0.20 bid priced at 106 vol. HV10⢠is 21.33. Nice... Keep in mind ADBE is actually at discount right now given their collapse after the earnings release on 9-21-2010 AMC. The stock went from $32.94 to $26.67 in a day. It's reasonable to assume a takeover price would at a substantial premium to even the 34 strike. Happy spec to anyone who wants to trade this one. One note - it may be possible to do an Oct/Nov 34 call spread for nearly even (sell Oct/buy Nov). If done for even, that's an arb. This is trade analysis, not a recommendation. Details, trades, prices, vols, skews here: http://livevol.blogspot.com/2010/10/adbe.html Legal Stuff: <a href="http://www.livevolpro.com/help/disclaimer_legal.html">http://www.livevolpro.com/help/disclaimer_legal.html</a>