Deep-pocketed investors have adopted a bearish 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 11 extraordinary options activities for Adobe. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 27% leaning bullish and 45% bearish. Among these notable options, 2 are puts, totaling $124,518, and 9 are calls, amounting to $1,629,546.
What's The Price Target?
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 $480.0 for Adobe over the last 3 months.
Analyzing Volume & Open Interest
In today's trading context, the average open interest for options of Adobe stands at 725.7, with a total volume reaching 965.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Adobe, situated within the strike price corridor from $230.0 to $480.0, throughout the last 30 days.
Adobe Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ADBE | CALL | TRADE | BEARISH | 01/15/27 | $109.5 | $106.1 | $107.0 | $450.00 | $856.0K | 1.3K | 80 |
| ADBE | CALL | SWEEP | BEARISH | 03/21/25 | $16.9 | $16.85 | $16.85 | $480.00 | $380.8K | 1.1K | 350 |
| ADBE | CALL | SWEEP | BEARISH | 03/07/25 | $5.3 | $5.0 | $5.0 | $480.00 | $150.0K | 1.1K | 325 |
| ADBE | PUT | TRADE | BEARISH | 01/16/26 | $31.95 | $29.3 | $31.95 | $420.00 | $95.8K | 1.1K | 30 |
| ADBE | CALL | SWEEP | BEARISH | 03/21/25 | $16.9 | $16.85 | $16.85 | $480.00 | $69.0K | 1.1K | 124 |
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).
Where Is Adobe Standing Right Now?
- With a volume of 367,660, the price of ADBE is up 0.1% at $459.68.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 26 days.
Expert Opinions on Adobe
In the last month, 1 experts released ratings on this stock with an average target price of $590.0.
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. * An analyst from RBC Capital downgraded its action to Outperform with a price target of $590.
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.
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