Deep-pocketed investors have adopted a bullish approach towards Adobe ADBE, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in ADBE usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 23 extraordinary options activities for Adobe. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 73% leaning bullish and 21% bearish. Among these notable options, 9 are puts, totaling $585,859, and 14 are calls, amounting to $589,902.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $170.0 to $540.0 for Adobe during the past quarter.
Analyzing Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Adobe's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Adobe's whale activity within a strike price range from $170.0 to $540.0 in the last 30 days.
Adobe Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ADBE | PUT | SWEEP | BULLISH | 01/17/25 | $38.05 | $37.1 | $37.1 | $450.00 | $148.4K | 1.3K | 163 |
| ADBE | CALL | TRADE | BULLISH | 12/18/26 | $131.0 | $128.05 | $130.0 | $470.00 | $117.0K | 9 | 2 |
| ADBE | PUT | SWEEP | BULLISH | 01/17/25 | $38.05 | $37.1 | $37.1 | $450.00 | $111.3K | 1.3K | 123 |
| ADBE | PUT | SWEEP | BEARISH | 01/17/25 | $36.95 | $36.6 | $36.95 | $450.00 | $66.5K | 1.3K | 44 |
| ADBE | PUT | SWEEP | BULLISH | 01/17/25 | $38.05 | $37.0 | $37.1 | $450.00 | $63.0K | 1.3K | 190 |
About Adobe
Adobe provides content creation, document management, and digital marketing and advertising software and services to creative professionals and marketers for creating, managing, delivering, measuring, optimizin,g and engaging with compelling content multiple operating systems, devices, and media. The company operates with three segments: digital media content creation, digital experience for marketing solutions, and publishing for legacy products (less than 5% of revenue).
Following our analysis of the options activities associated with Adobe, we pivot to a closer look at the company's own performance.
Current Position of Adobe
- With a volume of 714,649, the price of ADBE is down -0.68% at $469.83.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 44 days.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Adobe options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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