Adobe Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for Adobe (NASDAQ:ADBE), with a split sentiment of 50% bullish and 50% bearish among big-money traders. The total amount for puts is $570,330, and for calls is $1,267,490. The targeted price range for Adobe over the last 3 months is from $340.0 to $575.0. Adobe's stock price is currently down by 1.58% at $503.54. Several financial institutions have maintained their ratings on Adobe, with price targets ranging from $620 to $650.
September 26, 2023 | 5:45 pm
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Unusual options activity has been observed for Adobe, indicating potential volatility in the short term. The stock price is currently down by 1.58% at $503.54. Price targets from various institutions range from $620 to $650.
The unusual options activity indicates that there is a split sentiment among big-money traders, which could lead to volatility in Adobe's stock price. The current price is down, but the price targets from various institutions suggest a potential upside.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100