Adobe Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A whale has taken a bearish stance on Adobe (NASDAQ:ADBE), with 70% of detected unusual options trades being bearish. The total amount for puts is $504,558, while calls amount to $417,030. Whales have been targeting a price range of $320 to $730 for Adobe over the last 3 months.
May 18, 2023 | 5:46 pm
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A whale has taken a bearish stance on Adobe, with 70% of detected unusual options trades being bearish. Whales have been targeting a price range of $320 to $730 for Adobe over the last 3 months.
The bearish stance taken by a whale with a significant amount of money to spend on Adobe options indicates a potential negative impact on the stock price in the short term. The fact that 70% of the unusual options trades are bearish suggests that there is a strong sentiment among these investors that the stock price may decline. Additionally, the targeted price range of $320 to $730 over the last 3 months shows that there is a wide range of expectations for the stock price, which could lead to increased volatility.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100