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Looking At Adobe's Recent Unusual Options Activity

Author: Benzinga Insights | September 03, 2024 12:01pm

Financial giants have made a conspicuous bearish move on Adobe. Our analysis of options history for Adobe (NASDAQ:ADBE) revealed 32 unusual trades.

Delving into the details, we found 40% of traders were bullish, while 46% showed bearish tendencies. Out of all the trades we spotted, 13 were puts, with a value of $724,855, and 19 were calls, valued at $1,159,166.

Projected Price Targets

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $400.0 to $620.0 for Adobe over the recent three months.

Insights into Volume & Open Interest

In terms of liquidity and interest, the mean open interest for Adobe options trades today is 411.05 with a total volume of 1,820.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Adobe's big money trades within a strike price range of $400.0 to $620.0 over the last 30 days.

Adobe Option Volume And Open Interest Over Last 30 Days

Options Call Chart

Noteworthy Options Activity:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
ADBE CALL SWEEP BEARISH 06/20/25 $63.2 $59.9 $61.1 $620.00 $219.7K 496 44
ADBE PUT TRADE BULLISH 01/17/25 $31.65 $30.95 $30.95 $550.00 $216.6K 1.0K 101
ADBE CALL TRADE BULLISH 06/20/25 $90.0 $85.25 $90.0 $560.00 $180.0K 258 0
ADBE PUT TRADE BULLISH 01/17/25 $31.9 $31.2 $31.2 $550.00 $93.6K 1.0K 31
ADBE CALL SWEEP BULLISH 03/21/25 $124.75 $122.3 $124.75 $490.00 $74.8K 63 11

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).

In light of the recent options history for Adobe, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Current Position of Adobe

  • Trading volume stands at 933,439, with ADBE's price up by 0.18%, positioned at $575.42.
  • RSI indicators show the stock to be may be overbought.
  • Earnings announcement expected in 9 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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