Adobe Unusual Options Activity For July 24
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bullish stance on Adobe (NASDAQ:ADBE), with 50% of investors opening trades with bullish expectations and 50% with bearish. Of the total trades, 8 are puts amounting to $645,330 and 6 are calls amounting to $296,309. The targeted price range for Adobe over the last 3 months is from $430.0 to $630.0. The current price of ADBE is up 0.42% at $522.41, with RSI indicators suggesting it may be approaching overbought. Next earnings are expected in 52 days.
July 24, 2023 | 3:30 pm
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Adobe has seen significant options activity, with a split between bullish and bearish expectations. The targeted price range is $430-$630. The stock is currently up 0.42% at $522.41, potentially approaching overbought.
The news indicates a significant level of options activity for Adobe, with a split between bullish and bearish expectations. This could lead to increased volatility in the stock price. The current price is up, suggesting positive momentum, but RSI indicators hint at a potential overbought situation, which could lead to a price correction. The upcoming earnings release in 52 days could also impact the stock price.
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