Trading Insights | Key Levels of Adobe and JPMorgan Hinted at Options Market

Adobe Systems Incorporated -2.10%
JPMorgan Chase & Co. -6.47%

Adobe Systems Incorporated

ADBE

474.09

-2.10%

JPMorgan Chase & Co.

JPM

182.79

-6.47%

Adobe Systems Incorporated(ADBE.US) 

Benzinga's options scanner spotted 52 uncommon options trades for Adobe. 

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.

Price Target

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.

Biggest Options Spotted:

SymbolPUT/CALLTrade TypeSentimentExp. DateStrike PriceTotal Trade PriceOpen InterestVolume
ADBECALLSWEEPBEARISH01/17/25$620.00$342.7K19443
ADBECALLTRADEBULLISH01/17/25$520.00$137.0K12810
ADBECALLTRADEBEARISH01/19/24$140.00$136.9K6210
ADBECALLSWEEPBULLISH01/19/24$140.00$136.8K625
ADBEPUTSWEEPBULLISH06/21/24$600.00$131.3K22832

Analyst Ratings

  • Consistent in their evaluation, an analyst from BMO Capital keeps an 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.

Read More: Adobe's Unusual Options Activity

JPMorgan Chase & Co.(JPM.US) 

Benzinga's options scanner spotted 10 uncommon options trades for JPM.

The sentiment among these major traders is split, with 80% bullish and 20% bearish. Among all the options we identified, there was one put, amounting to $292,000, and 9 calls, totaling $1,376,277.

Price Target

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $125.0 to $170.0 for JPMorgan Chase over the recent three months.

Biggest Options Spotted:

SymbolPUT/CALLTrade TypeSentimentExp. DateStrike PriceTotal Trade PriceOpen InterestVolume
JPMCALLSWEEPBEARISH12/19/25$130.00$453.5K4.8K80
JPMCALLTRADEBULLISH12/19/25$130.00$386.0K4.8K80
JPMPUTTRADEBULLISH12/19/25$160.00$292.0K1.2K200
JPMCALLTRADEBULLISH01/19/24$155.00$174.6K20.6K120
JPMCALLTRADEBULLISH12/19/25$130.00$110.8K4.8K174

Read More: Looking At JPMorgan's Recent Unusual Options Activity

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