Financial giants have made a conspicuous bearish move on Adobe. Our analysis of options history for Adobe ADBE revealed 45 unusual trades.
Delving into the details, we found 31% of traders were bullish, while 55% showed bearish tendencies. Out of all the trades we spotted, 36 were puts, with a value of $1,833,565, and 9 were calls, valued at $518,612.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $230.0 to $590.0 for Adobe over the last 3 months.
Analyzing Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Adobe options trades today is 708.37 with a total volume of 9,660.00.
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 $230.0 to $590.0 over the last 30 days.
Adobe Option Activity Analysis: Last 30 Days
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 | 12/20/24 | $1.27 | $1.23 | $1.23 | $450.00 | $234.0K | 2.7K | 2.8K |
| ADBE | CALL | TRADE | BULLISH | 12/18/26 | $266.95 | $257.0 | $262.98 | $230.00 | $210.3K | 11 | 8 |
| ADBE | PUT | SWEEP | BULLISH | 12/20/24 | $18.65 | $16.35 | $16.35 | $480.00 | $163.5K | 2.1K | 0 |
| ADBE | PUT | SWEEP | BEARISH | 01/15/27 | $24.85 | $24.1 | $24.72 | $350.00 | $94.2K | 175 | 42 |
| ADBE | PUT | TRADE | BULLISH | 03/21/25 | $78.55 | $76.5 | $76.75 | $540.00 | $92.1K | 404 | 12 |
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).
Present Market Standing of Adobe
- Currently trading with a volume of 2,083,910, the ADBE's price is up by 0.68%, now at $468.84.
- RSI readings suggest the stock is currently may be approaching oversold.
- Anticipated earnings release is in 87 days.
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.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Adobe with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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