Financial giants have made a conspicuous bullish move on Adobe. Our analysis of options history for Adobe ADBE revealed 16 unusual trades.
Delving into the details, we found 43% of traders were bullish, while 37% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $108,044, and 13 were calls, valued at $767,324.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $230.0 and $570.0 for Adobe, spanning the last three months.
Analyzing Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Adobe's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Adobe's significant trades, within a strike price range of $230.0 to $570.0, over the past month.
Adobe 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ADBE | CALL | TRADE | BULLISH | 10/25/24 | $2.1 | $1.79 | $2.1 | $510.00 | $205.3K | 1.3K | 114 |
| ADBE | CALL | SWEEP | NEUTRAL | 03/21/25 | $36.75 | $35.7 | $36.16 | $520.00 | $108.6K | 158 | 30 |
| ADBE | CALL | TRADE | BULLISH | 06/20/25 | $59.2 | $58.25 | $59.2 | $500.00 | $59.2K | 1.1K | 11 |
| ADBE | CALL | TRADE | NEUTRAL | 06/20/25 | $60.55 | $55.15 | $57.86 | $500.00 | $57.8K | 1.1K | 10 |
| ADBE | CALL | TRADE | BEARISH | 08/15/25 | $56.2 | $54.05 | $54.55 | $520.00 | $54.5K | 9 | 15 |
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).
In light of the recent options history for Adobe, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Current Position of Adobe
- Trading volume stands at 704,319, with ADBE's price up by 0.11%, positioned at $497.39.
- RSI indicators show the stock to be may be approaching oversold.
- Earnings announcement expected in 54 days.
Expert Opinions on Adobe
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $610.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * Reflecting concerns, an analyst from RBC Capital lowers its rating to Outperform with a new price target of $610.
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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