Financial giants have made a conspicuous bullish move on Adobe. Our analysis of options history for Adobe ADBE revealed 76 unusual trades.
Delving into the details, we found 46% of traders were bullish, while 43% showed bearish tendencies. Out of all the trades we spotted, 10 were puts, with a value of $590,388, and 66 were calls, valued at $4,246,608.
Projected Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $310.0 to $630.0 for Adobe during the past quarter.
Volume & Open Interest Development
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 $310.0 to $630.0 in the last 30 days.
Adobe 30-Day Option Volume & Interest Snapshot
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 | BEARISH | 01/17/25 | $145.25 | $142.1 | $143.5 | $410.00 | $789.2K | 504 | 0 |
ADBE | CALL | SWEEP | NEUTRAL | 03/21/25 | $151.8 | $149.8 | $149.8 | $410.00 | $179.8K | 46 | 12 |
ADBE | CALL | TRADE | BULLISH | 12/13/24 | $15.25 | $14.7 | $15.03 | $570.00 | $150.3K | 452 | 118 |
ADBE | CALL | SWEEP | BULLISH | 03/21/25 | $177.9 | $175.25 | $177.9 | $380.00 | $124.5K | 6 | 7 |
ADBE | PUT | SWEEP | BULLISH | 12/13/24 | $57.7 | $54.95 | $56.91 | $600.00 | $113.9K | 2 | 20 |
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).
Following our analysis of the options activities associated with Adobe, we pivot to a closer look at the company's own performance.
Adobe's Current Market Status
- With a volume of 538,200, the price of ADBE is up 0.59% at $551.16.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 1 days.
What The Experts Say On Adobe
Over the past month, 4 industry analysts have shared their insights on this stock, proposing an average target price of $608.75.
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. * An analyst from RBC Capital downgraded its action to Outperform with a price target of $610. * An analyst from Piper Sandler has revised its rating downward to Overweight, adjusting the price target to $635. * An analyst from Citigroup persists with their Neutral rating on Adobe, maintaining a target price of $590. * An analyst from BMO Capital persists with their Outperform rating on Adobe, maintaining a target price of $600.
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.
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