Behind the Scenes of Adobe's Latest Options Trends
Portfolio Pulse from Benzinga Insights
Investors with significant capital have taken a predominantly bearish stance on Adobe (NASDAQ:ADBE), as revealed by Benzinga's options scanner. Out of 41 uncommon options trades, 63% were bearish. The price range targeted by these trades is between $400 and $610. Adobe's stock is currently neutral according to RSI indicators, and its next earnings report is due in 3 days. Analysts have mixed ratings, with an average target price of $594.

June 10, 2024 | 2:45 pm
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Investors with significant capital have taken a predominantly bearish stance on Adobe, as revealed by Benzinga's options scanner. Out of 41 uncommon options trades, 63% were bearish. The price range targeted by these trades is between $400 and $610. Adobe's stock is currently neutral according to RSI indicators, and its next earnings report is due in 3 days. Analysts have mixed ratings, with an average target price of $594.
The significant volume of bearish options trades suggests that investors are expecting a decline in Adobe's stock price. The mixed analyst ratings and the upcoming earnings report add to the uncertainty, making a short-term decline more likely.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100