A whale with a lot of money to spend has taken a noticeably bearish stance on Adobe.
Looking at options history for Adobe (NASDAQ:ADBE) we detected 22 strange trades.
If we consider the specifics of each trade, it is accurate to state that 45% of the investors opened trades with bullish expectations and 54% with bearish.
From the overall spotted trades, 18 are puts, for a total amount of $2,348,847 and 4, calls, for a total amount of $486,056.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $395.0 to $760.0 for Adobe over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Adobe options trades today is 536.83 with a total volume of 493.00.
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 $395.0 to $760.0 over the last 30 days.
Adobe Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ADBE | PUT | SWEEP | BEARISH | 03/18/22 | $500.00 | $634.6K | 1.7K | 106 |
| ADBE | PUT | TRADE | BULLISH | 03/18/22 | $500.00 | $382.9K | 1.7K | 147 |
| ADBE | PUT | SWEEP | NEUTRAL | 01/19/24 | $480.00 | $358.8K | 153 | 0 |
| ADBE | CALL | SWEEP | BEARISH | 01/20/23 | $580.00 | $304.2K | 1.9K | 169 |
| ADBE | PUT | TRADE | BULLISH | 03/18/22 | $500.00 | $256.4K | 1.7K | 147 |
Where Is Adobe Standing Right Now?
- With a volume of 587,304, the price of ADBE is down -2.42% at $427.35.
- RSI indicators hint that the underlying stock may be oversold.
- Next earnings are expected to be released in 14 days.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
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