Whales with a lot of money to spend have taken a noticeably bearish stance on Adobe.
Looking at options history for Adobe ADBE we detected 22 trades.
If we consider the specifics of each trade, it is accurate to state that 27% of the investors opened trades with bullish expectations and 72% with bearish.
From the overall spotted trades, 4 are puts, for a total amount of $200,829 and 18, calls, for a total amount of $1,428,400.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $445.0 to $630.0 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 480.28 with a total volume of 688.00.
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 $445.0 to $630.0 over the last 30 days.
Adobe Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ADBE | CALL | TRADE | BEARISH | 01/16/26 | $580.00 | $307.5K | 53 | 24 |
| ADBE | CALL | TRADE | NEUTRAL | 01/16/26 | $580.00 | $241.2K | 53 | 47 |
| ADBE | CALL | SWEEP | BULLISH | 03/15/24 | $575.00 | $130.0K | 986 | 57 |
| ADBE | CALL | TRADE | BULLISH | 06/21/24 | $570.00 | $112.0K | 708 | 21 |
| ADBE | CALL | SWEEP | BULLISH | 12/20/24 | $600.00 | $83.3K | 79 | 11 |
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).
Adobe's Current Market Status
- With a volume of 125,096, the price of ADBE is down 0.0% at $579.13.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 1 days.
What The Experts Say On Adobe
In the last month, 2 experts released ratings on this stock with an average target price of $682.5.
- Maintaining their stance, an analyst from BMO Capital continues to hold a Outperform rating for Adobe, targeting a price of $660.
- An analyst from Piper Sandler has decided to maintain their Overweight rating on Adobe, which currently sits at a price target of $705.
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.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
