Financial giants have made a conspicuous bullish move on Adobe. Our analysis of options history for Adobe (NASDAQ:ADBE) revealed 17 unusual trades.

Delving into the details, we found 47% of traders were bullish, while 41% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $360,296, and 11 were calls, valued at $1,306,601.

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 $390.0 to $500.0 for Adobe over the last 3 months.

Volume & Open Interest Trends

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 $390.0 to $500.0 in the last 30 days.

Adobe 30-Day Option Volume & Interest Snapshot

Noteworthy Options Activity:

About Adobe

Current Position of Adobe

• Currently trading with a volume of 1,817,598, the ADBE's price is down by -0.7%, now at $413.13.
• RSI readings suggest the stock is currently may be approaching overbought.
• Anticipated earnings release is in 1 days.

Expert Opinions on Adobe

A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $458.33.

Unusual Options Activity Detected: Smart Money on the Move

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.