Looking At Adobe's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Recent options activity for Adobe (NASDAQ:ADBE) shows a bearish sentiment among investors, with 72% of trades being bearish. The activity includes 22 trades, with a notable range of strike prices from $445.0 to $630.0. The volume and open interest suggest whales are targeting this price range for Adobe over the last 3 months. Noteworthy trades include both bullish and bearish sentiments, with significant total trade prices. Adobe's current market status is neutral with a price of $579.13, and experts have set an average target price of $682.5 for the stock.
March 13, 2024 | 1:46 pm
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NEUTRAL IMPACT
Adobe's recent options activity indicates a bearish sentiment among investors, with a focus on a price range of $445.0 to $630.0. The stock's current neutral status and expert target prices suggest potential volatility.
The bearish sentiment in options trading, combined with the current neutral market status and the optimistic target prices from experts, suggests that Adobe's stock might experience short-term volatility. However, the mixed sentiments (bearish in options trading but bullish from experts) make the direction of the impact uncertain, hence a neutral score.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100