Deep-pocketed investors have adopted a bearish approach towards Adobe (NASDAQ:ADBE), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in ADBE usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 13 extraordinary options activities for Adobe. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 15% leaning bullish and 53% bearish. Among these notable options, 7 are puts, totaling $349,653, and 6 are calls, amounting to $699,791.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $430.0 to $630.0 for Adobe during the past quarter.
Insights into Volume & Open Interest
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 $430.0 to $630.0 in the last 30 days.
Adobe Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ADBE | CALL | TRADE | NEUTRAL | 05/17/24 | $13.35 | $13.0 | $13.2 | $475.00 | $528.0K | 236 | 15 |
| ADBE | PUT | SWEEP | BEARISH | 05/17/24 | $155.6 | $153.6 | $154.89 | $630.00 | $108.4K | 7 | 7 |
| ADBE | PUT | SWEEP | BEARISH | 01/17/25 | $27.7 | $27.05 | $27.7 | $430.00 | $66.4K | 356 | 24 |
| ADBE | CALL | TRADE | BEARISH | 06/21/24 | $30.15 | $29.9 | $29.96 | $475.00 | $44.9K | 270 | 51 |
| ADBE | PUT | SWEEP | BEARISH | 01/17/25 | $38.65 | $37.95 | $38.65 | $460.00 | $38.6K | 500 | 0 |
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).
Present Market Standing of Adobe
- Trading volume stands at 1,048,460, with ADBE's price up by 1.1%, positioned at $478.09.
- RSI indicators show the stock to be may be approaching oversold.
- Earnings announcement expected in 50 days.
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.