Whales with a lot of money to spend have taken a noticeably bullish stance on Adobe.
Looking at options history for Adobe ADBE we detected 38 trades.
If we consider the specifics of each trade, it is accurate to state that 36% of the investors opened trades with bullish expectations and 31% with bearish.
From the overall spotted trades, 30 are puts, for a total amount of $1,495,126 and 8, calls, for a total amount of $393,043.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $300.0 to $580.0 for Adobe during the past quarter.
Insights into Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Adobe options trades today is 822.94 with a total volume of 2,453.00.
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 $300.0 to $580.0 over the last 30 days.
Adobe Option Volume And Open Interest Over 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 | $4.55 | $4.5 | $4.5 | $437.50 | $135.0K | 1.5K | 354 |
| ADBE | CALL | SWEEP | BULLISH | 04/17/25 | $22.9 | $20.95 | $22.9 | $470.00 | $109.9K | 96 | 50 |
| ADBE | CALL | TRADE | BULLISH | 12/20/24 | $39.0 | $35.7 | $39.0 | $400.00 | $89.7K | 309 | 23 |
| ADBE | PUT | TRADE | BULLISH | 06/20/25 | $81.6 | $75.6 | $77.7 | $500.00 | $85.4K | 1.2K | 11 |
| ADBE | PUT | TRADE | BEARISH | 01/16/26 | $8.3 | $7.55 | $8.3 | $300.00 | $83.0K | 592 | 100 |
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
- With a volume of 1,992,587, the price of ADBE is up 1.97% at $446.02.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 83 days.
Professional Analyst Ratings for Adobe
5 market experts have recently issued ratings for this stock, with a consensus target price of $599.0.
Turn $1000 into $1270 in just 20 days?
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 B of A Securities persists with their Buy rating on Adobe, maintaining a target price of $605. * Consistent in their evaluation, an analyst from Stifel keeps a Buy rating on Adobe with a target price of $600. * Consistent in their evaluation, an analyst from BMO Capital keeps a Outperform rating on Adobe with a target price of $600. * An analyst from Piper Sandler has decided to maintain their Overweight rating on Adobe, which currently sits at a price target of $600. * Consistent in their evaluation, an analyst from Citigroup keeps a Neutral rating on Adobe with a target price of $590.
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.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
