Check Out What Whales Are Doing With ADBE

A whale with a lot of money to spend has taken a noticeably bullish stance on Adobe.

Looking at options history for Adobe ADBE we detected 13 strange trades.

If we consider the specifics of each trade, it is accurate to state that 61% of the investors opened trades with bullish expectations and 38% with bearish.

From the overall spotted trades, 5 are puts, for a total amount of $184,173 and 8, calls, for a total amount of $592,888.

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 $230.0 to $420.0 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 373.73 with a total volume of 457.00.

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 $230.0 to $420.0 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 CALL SWEEP BULLISH 02/17/23 $315.00 $199.5K 96 0
ADBE CALL TRADE BULLISH 03/17/23 $350.00 $136.5K 2.3K 3
ADBE CALL SWEEP BEARISH 07/21/23 $385.00 $63.0K 16 57
ADBE CALL TRADE BULLISH 01/17/25 $260.00 $62.0K 13 0
ADBE CALL SWEEP BEARISH 01/17/25 $420.00 $45.3K 425 8

Where Is Adobe Standing Right Now?

  • With a volume of 1,375,034, the price of ADBE is up 2.13% at $378.25.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 42 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.

If you want to stay updated on the latest options trades for Adobe, Benzinga Pro gives you real-time options trades alerts.

Market News and Data brought to you by Benzinga APIs
Date of Trade
Strike Price
Posted In: OptionsMarketsBZI-UOA
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