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 16 trades.
If we consider the specifics of each trade, it is accurate to state that 25% of the investors opened trades with bullish expectations and 56% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $90,700 and 14, calls, for a total amount of $598,092.
Projected Price Targets
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $340.0 to $580.0 for Adobe over the last 3 months.
Insights into 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 $340.0 to $580.0 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 | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ADBE | CALL | SWEEP | BULLISH | 09/20/24 | $32.25 | $31.6 | $31.75 | $510.00 | $85.6K | 233 | 141 |
| ADBE | CALL | SWEEP | BEARISH | 09/20/24 | $31.75 | $31.6 | $31.75 | $510.00 | $79.2K | 233 | 125 |
| ADBE | PUT | TRADE | NEUTRAL | 05/17/24 | $30.6 | $22.0 | $26.5 | $510.00 | $53.0K | 159 | 20 |
| ADBE | CALL | TRADE | BEARISH | 10/18/24 | $28.7 | $28.3 | $28.3 | $525.00 | $50.9K | 40 | 18 |
| ADBE | CALL | SWEEP | NEUTRAL | 09/20/24 | $31.85 | $31.35 | $31.55 | $510.00 | $50.4K | 233 | 2 |
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, optimizin,g 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?
- With a trading volume of 469,536, the price of ADBE is down by -0.21%, reaching $484.32.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 28 days from now.
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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