Market Whales and Their Recent Bets on ADBE Options
Portfolio Pulse from Benzinga Insights
Financial giants have shown a bearish trend on Adobe (NASDAQ:ADBE) through options trading, with 58% of trades being bearish. The analysis revealed 68 unusual trades, with puts valued at $3,043,098 and calls at $1,125,623. Whales target a price range of $400.0 to $700.0 for Adobe. The most significant trades include both bullish and bearish sentiments, with strike prices ranging from $540.00 to $660.00. Adobe's current stock price is down by -3.58%, trading at $547.59, with an anticipated earnings release in 9 days.
March 05, 2024 | 6:03 pm
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Adobe has seen a bearish trend in options trading, with significant activity suggesting a target price range of $400-$700. The stock is currently down by -3.58%, trading at $547.59, with an upcoming earnings release.
The bearish sentiment in options trading, especially with a higher volume of puts, suggests a negative outlook on Adobe's stock price in the short term. The current downtrend in stock price and the anticipation of the earnings release further contribute to the bearish outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100