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Adobe's Options: A Look at What the Big Money is Thinking

Author: Benzinga Insights | April 17, 2024 04:45pm

Financial giants have made a conspicuous bullish move on Adobe. Our analysis of options history for Adobe (NASDAQ:ADBE) revealed 47 unusual trades.

Delving into the details, we found 57% of traders were bullish, while 42% showed bearish tendencies. Out of all the trades we spotted, 23 were puts, with a value of $1,390,315, and 24 were calls, valued at $1,385,689.

What's The 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 $360.0 and $920.0 for Adobe, spanning the last three months.

Analyzing Volume & Open Interest

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Adobe's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Adobe's whale trades within a strike price range from $360.0 to $920.0 in the last 30 days.

Adobe Option Activity Analysis: Last 30 Days

Options Call Chart

Largest Options Trades Observed:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
ADBE PUT TRADE NEUTRAL 06/21/24 $35.3 $34.9 $35.1 $490.00 $351.0K 1.4K 10
ADBE CALL SWEEP BULLISH 01/17/25 $141.35 $139.05 $140.82 $360.00 $196.7K 63 14
ADBE CALL SWEEP BEARISH 06/21/24 $28.45 $28.35 $28.35 $480.00 $141.9K 328 302
ADBE PUT TRADE BULLISH 06/18/26 $46.0 $41.7 $42.2 $400.00 $126.6K 0 31
ADBE CALL SWEEP BULLISH 04/19/24 $3.6 $3.35 $3.35 $480.00 $97.7K 889 374

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).

Adobe's Current Market Status

  • Trading volume stands at 2,031,990, with ADBE's price down by -0.37%, positioned at $474.45.
  • RSI indicators show the stock to be may be oversold.
  • Earnings announcement expected in 57 days.

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.

Posted In: ADBE

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