Financial giants have made a conspicuous bearish move on Adobe. Our analysis of options history for Adobe ADBE revealed 17 unusual trades.
Delving into the details, we found 35% of traders were bullish, while 64% showed bearish tendencies. Out of all the trades we spotted, 11 were puts, with a value of $685,660, and 6 were calls, valued at $530,051.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $320.0 to $780.0 for Adobe over the recent three months.
Volume & Open Interest Trends
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Adobe's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Adobe's whale activity within a strike price range from $320.0 to $780.0 in 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 | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ADBE | CALL | SWEEP | BULLISH | 01/17/25 | $320.00 | $218.4K | 54 | 6 |
| ADBE | PUT | TRADE | NEUTRAL | 05/17/24 | $780.00 | $159.3K | 0 | 20 |
| ADBE | PUT | TRADE | BEARISH | 05/17/24 | $775.00 | $154.4K | 0 | 20 |
| ADBE | CALL | TRADE | BULLISH | 04/19/24 | $580.00 | $126.0K | 274 | 20 |
| ADBE | CALL | TRADE | NEUTRAL | 03/15/24 | $595.00 | $89.1K | 222 | 20 |
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).
Having examined the options trading patterns of Adobe, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Where Is Adobe Standing Right Now?
- Currently trading with a volume of 535,678, the ADBE's price is down by -0.64%, now at $626.49.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 36 days.
What Analysts Are Saying About Adobe
In the last month, 1 experts released ratings on this stock with an average target price of $499.0.
- In a cautious move, an analyst from Exane BNP Paribas downgraded its rating to Underperform, setting a price target of $499.
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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