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Trading Insights | Key Levels of Adobe and JPMorgan Hinted at Options Market
Adobe Systems Incorporated +1.00% Post
JPMorgan Chase & Co. +0.64% Post
Adobe Systems Incorporated ADBE | 366.99 366.99 | +1.00% 0.00% Post |
JPMorgan Chase & Co. JPM | 288.70 288.70 | +0.64% 0.00% Post |
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:
| 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 |
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
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:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| JPM | CALL | SWEEP | BEARISH | 12/19/25 | $130.00 | $453.5K | 4.8K | 80 |
| JPM | CALL | TRADE | BULLISH | 12/19/25 | $130.00 | $386.0K | 4.8K | 80 |
| JPM | PUT | TRADE | BULLISH | 12/19/25 | $160.00 | $292.0K | 1.2K | 200 |
| JPM | CALL | TRADE | BULLISH | 01/19/24 | $155.00 | $174.6K | 20.6K | 120 |
| JPM | CALL | TRADE | BULLISH | 12/19/25 | $130.00 | $110.8K | 4.8K | 174 |
Read More: Looking At JPMorgan's Recent Unusual Options Activity
