If one doesn't want the risk, on the upside (if they do go up)anything around $590 would be a reasonably safe short entry. Maybe place an ah's order Weds to short at $610, cross your fingers and hope you get lucky and catch a spike on the initial release, because I'm sure the headline #'s will be great. That would be a gift. They'll talk a great game, the CEO always does, but unless they jack up next year's revenue above the current estimates, tech dollars will chase other stocks. Imo, looking a out a little long term, some of their divisions are going to see downside pressure on sales. While they are deep in AI, the irony is the AI of their competitors is going to narrow the moat they have historically enjoyed. As great a company as Adobe is, the ubiquity of AI across so many other consumer channels is going to dig into that portion of their revenue. Enterprise revenue will be fine though. The company is solid, I just think WS will be hyper-critical of their earnings this time around. Worth noting, adbe has a huge market-cap. The algo's (can) use their earnings as an excuse to assist a sharp move in the Q's. That's why a more cautious player might want to use the ah's play. Or wait for Thursday.
Fwiw...I don't see this after hours gap on NQ futures holding. Granted there was some serious upside volume on the Broadcom results..."convincing" volume... but I don't buy it. AVGO is AVGO. It's a chip company. I think the Naz 100 is in a slow grind down... for a bit at least. Pajama traders... consider shorting the naz e-mini's.... 21740, but use a stop. Like 21740 + a.27% stop, but I don't think it will fire.