The US market underwent a nice little correction in the past two weeks which made it a real sweet spot for option investors.

If not for the Merck news announcement yesterday, we might have a real throb to end the week with more correction done.

Fear level continues to be low at about 27 at market participants are absorbing the end of the week.

The index itself and many of the companies are testing important support level of EMA50 and EMA100 respectively so this makes it very enticing for option investors who are looking to pick up some bargains in the market.

Here are 5 options trades I am looking to trade at next week when market reopens.

1.) Adobe Inc. (Nasdaq: ADBE)

Adobe Inc. has retreated about 10% since the company reported its Q3 earnings just a week ago.

The company reported an expectedly strong earnings by increasing topline at 22% YoY to $3.9