Adobe Unusual Options Activity

Adobe Systems Incorporated +0.11%

Adobe Systems Incorporated




Deep-pocketed investors have adopted a bullish 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 12 extraordinary options activities for Adobe. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 75% leaning bullish and 25% bearish. Among these notable options, 4 are puts, totaling $400,464, and 8 are calls, amounting to $2,158,308.

What's The Price Target?

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $500.0 to $600.0 for Adobe during the past quarter.

Insights into Volume & Open Interest

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Adobe's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Adobe's substantial trades, within a strike price spectrum from $500.0 to $600.0 over the preceding 30 days.

Adobe Call and Put Volume: 30-Day Overview

Options Call Chart

Noteworthy Options Activity:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
ADBE CALL SWEEP BULLISH 06/18/26 $500.00 $696.2K 0 83
ADBE CALL TRADE BULLISH 06/18/26 $500.00 $399.0K 0 130
ADBE CALL TRADE BULLISH 06/18/26 $500.00 $394.5K 0 0
ADBE CALL TRADE BEARISH 06/18/26 $500.00 $265.0K 0 130
ADBE CALL TRADE BULLISH 06/18/26 $500.00 $223.5K 0 83

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.

Current Position of Adobe

  • Currently trading with a volume of 55,529, the ADBE's price is up by 0.69%, now at $507.89.
  • RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
  • Anticipated earnings release is in 77 days.

What Analysts Are Saying About Adobe

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $619.0.

  • In a cautious move, an analyst from Oppenheimer downgraded its rating to Outperform, setting a price target of $660.
  • In a cautious move, an analyst from RBC Capital downgraded its rating to Outperform, setting a price target of $630.
  • An analyst from Stifel persists with their Buy rating on Adobe, maintaining a target price of $625.
  • Maintaining their stance, an analyst from JP Morgan continues to hold a Neutral rating for Adobe, targeting a price of $570.
  • An analyst from BMO Capital persists with their Outperform rating on Adobe, maintaining a target price of $610.

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.

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