Yeah, that is true. Looks like all of those straddles that were bought for an ADBE earnings play are going to get crushed! If you look at the volume of the $129 and $133 options you know there were a lot of straddles bought. I even saw one article that was talking about the large amount of straddles that were bought today. I can't find it now, since it has been "buried" by all of the other reports that came out after the bell. Anyhow, isn't that the job of the institutions that write out the options? To make sure they drop in value?