Financial giants have made a conspicuous bullish move on Adobe. Our analysis of options history for Adobe (NASDAQ:ADBE) revealed 27 unusual trades.
Delving into the details, we found 44% of traders were bullish, while 37% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $159,253, and 22 were calls, valued at $1,090,713.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $500.0 to $600.0 for Adobe over the last 3 months.
Volume & Open Interest Trends
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Adobe's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Adobe's significant trades, within a strike price range of $500.0 to $600.0, over the past month.
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 | BEARISH | 01/17/25 | $54.8 | $53.1 | $53.1 | $580.00 | $79.6K | 985 | 0 |
ADBE | CALL | TRADE | BEARISH | 09/20/24 | $19.7 | $19.4 | $19.4 | $600.00 | $77.6K | 4.4K | 28 |
ADBE | CALL | TRADE | BEARISH | 03/21/25 | $69.15 | $68.55 | $68.55 | $570.00 | $75.4K | 308 | 20 |
ADBE | CALL | TRADE | BEARISH | 03/21/25 | $69.3 | $67.55 | $67.55 | $570.00 | $74.3K | 308 | 0 |
ADBE | CALL | TRADE | BULLISH | 07/19/24 | $10.85 | $10.15 | $10.65 | $570.00 | $63.9K | 998 | 149 |
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).
Where Is Adobe Standing Right Now?
With a volume of 819,340, the price of ADBE is up 1.19% at $566.66.
RSI indicators hint that the underlying stock may be overbought.
Next earnings are expected to be released in 72 days.
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.