Financial giants have made a conspicuous bearish move on Adobe. Our analysis of options history for Adobe ADBE revealed 20 unusual trades.
Delving into the details, we found 40% of traders were bullish, while 60% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $654,890, and 15 were calls, valued at $2,369,405.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $500.0 and $615.0 for Adobe, spanning the last three months.
Analyzing Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $500.0 to $615.0 in the last 30 days.
Adobe Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ADBE | CALL | SWEEP | BEARISH | 01/16/26 | $510.00 | $782.2K | 284 | 100 |
| ADBE | CALL | TRADE | BULLISH | 01/16/26 | $510.00 | $337.5K | 284 | 30 |
| ADBE | CALL | TRADE | BULLISH | 01/16/26 | $510.00 | $335.8K | 284 | 160 |
| ADBE | CALL | TRADE | BULLISH | 01/16/26 | $510.00 | $333.0K | 284 | 215 |
| ADBE | PUT | SWEEP | BULLISH | 01/17/25 | $500.00 | $235.0K | 1.5K | 50 |
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
- Trading volume stands at 208,215, with ADBE's price down by -0.72%, positioned at $507.55.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 83 days.
Professional Analyst Ratings for Adobe
In the last month, 5 experts released ratings on this stock with an average target price of $619.0.
- An analyst from JP Morgan has decided to maintain their Neutral rating on Adobe, which currently sits at a price target of $570.
- Consistent in their evaluation, an analyst from Baird keeps a Neutral rating on Adobe with a target price of $525.
- Maintaining their stance, an analyst from Piper Sandler continues to hold a Overweight rating for Adobe, targeting a price of $705.
- Consistent in their evaluation, an analyst from DA Davidson keeps a Buy rating on Adobe with a target price of $685.
- Consistent in their evaluation, an analyst from BMO Capital keeps a Outperform rating on Adobe with a target price of $610.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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