Whales with a lot of money to spend have taken a noticeably bearish stance on Adobe.
Looking at options history for Adobe (NASDAQ:ADBE) we detected 76 trades.
If we consider the specifics of each trade, it is accurate to state that 38% of the investors opened trades with bullish expectations and 46% with bearish.
From the overall spotted trades, 49 are puts, for a total amount of $1,970,780 and 27, calls, for a total amount of $1,086,610.
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 $165.0 to $755.0 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 $165.0 to $755.0 in the last 30 days.
Adobe Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ADBE | PUT | TRADE | BULLISH | 10/18/24 | $27.95 | $27.85 | $27.85 | $470.00 | $66.8K | 133 | 67 |
| ADBE | PUT | SWEEP | BEARISH | 10/18/24 | $24.2 | $23.75 | $24.2 | $460.00 | $62.9K | 363 | 230 |
| ADBE | PUT | SWEEP | BEARISH | 01/17/25 | $28.95 | $28.85 | $28.97 | $450.00 | $55.0K | 1.5K | 41 |
| ADBE | PUT | TRADE | BEARISH | 01/17/25 | $36.0 | $35.5 | $36.0 | $470.00 | $54.0K | 460 | 106 |
| ADBE | PUT | SWEEP | BEARISH | 10/18/24 | $27.95 | $27.5 | $27.95 | $470.00 | $53.0K | 133 | 52 |
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).
Following our analysis of the options activities associated with Adobe, we pivot to a closer look at the company's own performance.
Current Position of Adobe
- Currently trading with a volume of 1,202,686, the ADBE's price is up by 0.22%, now at $494.66.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 37 days.
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.