Financial giants have made a conspicuous bullish move on Adobe. Our analysis of options history for Adobe ADBE revealed 15 unusual trades.
Delving into the details, we found 46% of traders were bullish, while 46% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $120,260, and 12 were calls, valued at $475,288.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $500.0 to $600.0 for Adobe during the past quarter.
Volume & Open Interest Trends
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 $600.0 in the last 30 days.
Adobe Call and Put Volume: 30-Day Overview
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 | TRADE | BULLISH | 07/19/24 | $18.95 | $17.5 | $18.62 | $520.00 | $68.8K | 1.2K | 8 |
| ADBE | CALL | SWEEP | BULLISH | 06/20/25 | $51.35 | $38.35 | $51.35 | $600.00 | $51.3K | 456 | 0 |
| ADBE | CALL | SWEEP | BULLISH | 08/16/24 | $3.55 | $3.5 | $3.5 | $600.00 | $50.7K | 520 | 4 |
| ADBE | PUT | TRADE | BULLISH | 06/21/24 | $2.45 | $1.61 | $1.61 | $505.00 | $48.3K | 514 | 6 |
| ADBE | CALL | TRADE | BULLISH | 09/20/24 | $46.45 | $44.15 | $46.45 | $500.00 | $46.4K | 640 | 1 |
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,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 562,396, the price of ADBE is up by 0.74%, reaching $522.58.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 86 days from now.
Expert Opinions on Adobe
In the last month, 5 experts released ratings on this stock with an average target price of $592.0.
- An analyst from Stifel has decided to maintain their Buy rating on Adobe, which currently sits at a price target of $600.
- Consistent in their evaluation, an analyst from Baird keeps a Neutral rating on Adobe with a target price of $545.
- Maintaining their stance, an analyst from BMO Capital continues to hold a Outperform rating for Adobe, targeting a price of $525.
- An analyst from Mizuho has revised its rating downward to Buy, adjusting the price target to $640.
- Maintaining their stance, an analyst from Evercore ISI Group continues to hold a Outperform rating for Adobe, targeting a price of $650.
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.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
