Financial giants have made a conspicuous bearish move on Adobe. Our analysis of options history for Adobe ADBE revealed 10 unusual trades.
Delving into the details, we found 40% of traders were bullish, while 50% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $261,841, and 7 were calls, valued at $383,911.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $410.0 and $600.0 for Adobe, spanning the last three months.
Insights into Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Adobe options trades today is 583.14 with a total volume of 336.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Adobe's big money trades within a strike price range of $410.0 to $600.0 over the last 30 days.
Adobe Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ADBE | PUT | SWEEP | BULLISH | 01/15/27 | $39.0 | $38.95 | $38.95 | $410.00 | $202.6K | 2 | 56 |
| ADBE | CALL | SWEEP | BEARISH | 10/25/24 | $54.0 | $52.85 | $54.0 | $450.00 | $167.4K | 2 | 31 |
| ADBE | CALL | TRADE | BULLISH | 06/18/26 | $96.0 | $94.65 | $96.0 | $510.00 | $48.0K | 90 | 5 |
| ADBE | CALL | TRADE | BEARISH | 11/15/24 | $7.0 | $6.65 | $6.76 | $530.00 | $41.2K | 716 | 70 |
| ADBE | CALL | TRADE | BULLISH | 11/15/24 | $19.5 | $19.0 | $19.5 | $500.00 | $39.0K | 389 | 28 |
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, optimizing, 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).
After a thorough review of the options trading surrounding Adobe, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Adobe's Current Market Status
- Trading volume stands at 292,840, with ADBE's price down by -1.28%, positioned at $501.55.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 56 days.
Professional Analyst Ratings for Adobe
1 market experts have recently issued ratings for this stock, with a consensus target price of $610.0.
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20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * An analyst from RBC Capital has revised its rating downward to Outperform, adjusting the price target to $610.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Adobe, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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