Whales with a lot of money to spend have taken a noticeably bullish 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 50% of the investors opened trades with bullish expectations and 31% with bearish.
From the overall spotted trades, 14 are puts, for a total amount of $1,097,651 and 8, calls, for a total amount of $534,813.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $410.0 to $595.0 for Adobe over the recent three months.
Volume & Open Interest Development
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 $410.0 to $595.0 in the last 30 days.
Adobe 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ADBE | PUT | SWEEP | BULLISH | 12/20/24 | $21.3 | $21.0 | $21.0 | $500.00 | $350.7K | 1.4K | 167 |
| ADBE | CALL | TRADE | BULLISH | 11/15/24 | $10.4 | $10.05 | $10.4 | $540.00 | $312.0K | 836 | 325 |
| ADBE | PUT | SWEEP | BULLISH | 12/20/24 | $21.05 | $21.0 | $21.0 | $500.00 | $102.9K | 1.4K | 370 |
| ADBE | PUT | SWEEP | BEARISH | 09/19/25 | $29.3 | $26.85 | $28.45 | $450.00 | $91.0K | 5 | 64 |
| ADBE | PUT | SWEEP | BEARISH | 09/19/25 | $29.3 | $26.85 | $28.45 | $450.00 | $91.0K | 5 | 40 |
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).
Where Is Adobe Standing Right Now?
- Currently trading with a volume of 863,777, the ADBE's price is down by -0.04%, now at $515.29.
- RSI readings suggest the stock is currently may be approaching oversold.
- Anticipated earnings release is in 72 days.
What The Experts Say On Adobe
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $619.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * Consistent in their evaluation, an analyst from Piper Sandler keeps a Overweight rating on Adobe with a target price of $635. * An analyst from Barclays has decided to maintain their Overweight rating on Adobe, which currently sits at a price target of $675. * An analyst from RBC Capital downgraded its action to Outperform with a price target of $610. * An analyst from Oppenheimer has decided to maintain their Outperform rating on Adobe, which currently sits at a price target of $625. * An analyst from UBS has decided to maintain their Neutral rating on Adobe, which currently sits at a price target of $550.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Adobe with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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