/Adobe%20Inc%20logo%20on%20phone%20with%20festive%20background-by%20rafapress%20via%20Shutterstock.jpg)
Adobe Systems (ADBE) is set to release its earnings on Sept. 11 for the fiscal quarter ending Aug. 31, and ADBE stock is down too much. With its strong free cash flow and FCF margins, ADBE stock could be worth 36% more at $485 per share. Short-put yields are very high (4%) for less than 1 month.
ADBE closed at $356.70 on Friday, Aug. 29. That is off almost 14% from June 12 ($413.68), when it released fiscal Q2 earnings.