Spotlight on Adobe: Analyzing the Surge in Options Activity

Adobe Systems Incorporated +1.30% Pre

Adobe Systems Incorporated

ADBE

476.22

476.22

+1.30%

0.00% Pre

Financial giants have made a conspicuous bearish move on Adobe. Our analysis of options history for Adobe (NASDAQ:ADBE) revealed 52 unusual trades.

Delving into the details, we found 36% of traders were bullish, while 63% showed bearish tendencies. Out of all the trades we spotted, 13 were puts, with a value of $650,249, and 39 were calls, valued at $2,398,370.

Expected Price Movements

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $140.0 and $780.0 for Adobe, spanning the last three months.

Analyzing 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 $140.0 to $780.0 over the preceding 30 days.

Adobe Option Volume And Open Interest Over Last 30 Days

Options Call Chart

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
ADBE CALL SWEEP BEARISH 01/17/25 $620.00 $342.7K 194 43
ADBE CALL TRADE BULLISH 01/17/25 $520.00 $137.0K 128 10
ADBE CALL TRADE BEARISH 01/19/24 $140.00 $136.9K 62 10
ADBE CALL SWEEP BULLISH 01/19/24 $140.00 $136.8K 62 5
ADBE PUT SWEEP BULLISH 06/21/24 $600.00 $131.3K 228 32

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).

Current Position of Adobe

  • Trading volume stands at 919,218, with ADBE's price down by 0.0%, positioned at $596.1.
  • RSI indicators show the stock to be is currently neutral between overbought and oversold.
  • Earnings announcement expected in 76 days.

Professional Analyst Ratings for Adobe

A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $672.0.

  • Consistent in their evaluation, an analyst from BMO Capital keeps a Outperform rating on Adobe with a target price of $690.
  • An analyst from Stifel persists with their Buy rating on Adobe, maintaining a target price of $625.
  • An analyst from KGI Securities upgraded its action to Outperform with a price target of $730.
  • An analyst from Barclays upgraded its action to Overweight with a price target of $700.
  • In a cautious move, an analyst from RBC Capital downgraded its rating to Outperform, setting a price target of $615.

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.

If you want to stay updated on the latest options trades for Adobe, Benzinga Pro gives you real-time options trades alerts.

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