Adobe Options Trading: A Deep Dive Into Market Sentiment
Adobe Options Trading: A Deep Dive Into Market Sentiment
Whales with a lot of money to spend have taken a noticeably bullish stance on Adobe.
Looking at options history for Adobe (NASDAQ:ADBE) we detected 84 trades.
If we consider the specifics of each trade, it is accurate to state that 52% of the investors opened trades with bullish expectations and 26% with bearish.
From the overall spotted trades, 16 are puts, for a total amount of $683,242 and 68, calls, for a total amount of $5,597,321.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $145.0 to $670.0 for Adobe over the recent three months.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of Adobe stands at 484.55, with a total volume reaching 11,892.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Adobe, situated within the strike price corridor from $145.0 to $670.0, throughout the last 30 days.
Adobe Call and Put Volume: 30-Day Overview
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ADBE | CALL | SWEEP | BULLISH | 12/13/24 | $8.0 | $7.7 | $7.97 | $590.00 | $397.7K | 113 | 534 |
| ADBE | CALL | SWEEP | BEARISH | 12/13/24 | $38.75 | $38.45 | $38.75 | $515.00 | $385.2K | 325 | 211 |
| ADBE | CALL | SWEEP | BULLISH | 01/17/25 | $8.45 | $7.9 | $8.39 | $620.00 | $210.3K | 922 | 281 |
| ADBE | CALL | SWEEP | BULLISH | 12/20/24 | $1.75 | $1.7 | $1.7 | $670.00 | $183.3K | 138 | 301 |
| ADBE | CALL | SWEEP | BULLISH | 12/13/24 | $49.45 | $48.45 | $49.45 | $500.00 | $148.3K | 544 | 68 |
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).
Present Market Standing of Adobe
- Trading volume stands at 1,692,580, with ADBE's price up by 3.97%, positioned at $536.77.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 7 days.
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