Adobe Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant number of bearish trades have been observed in Adobe's (NASDAQ:ADBE) options, with 71% of investors taking a bearish stance and 28% bullish. The total amount for puts is $3,257,512 and for calls is $838,060. Whales have been targeting a price range from $400.0 to $820.0 for Adobe over the last 3 months. Adobe's current price is $532.51, up 0.68%. Analysts from Wells Fargo, Evercore ISI Group, UBS, and Mizuho have maintained their ratings on Adobe, with price targets ranging from $600 to $650.
September 18, 2023 | 4:31 pm
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NEGATIVE IMPACT
Bearish trades dominate Adobe's options, with a price target range of $400-$820. Current price is $532.51, up 0.68%. Analysts maintain ratings with price targets from $600-$650.
The bearish stance observed in Adobe's options trading indicates a potential downward pressure on the stock. However, the maintained ratings from analysts with price targets above the current price suggest a positive outlook, creating a mixed impact. The score is set to -1 due to the dominance of bearish trades.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100