Investors with a lot of money to spend have taken a bearish stance on Adobe (NASDAQ:ADBE).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don’t know. But when something this big happens with ADBE, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga‘s options scanner spotted 23 uncommon options trades for Adobe.
This isn’t normal.
The overall sentiment of these big-money traders is split between 34% bullish and 39%, bearish.
Out of all of the special options we uncovered, 11 are puts, for a total amount of $1,136,150, and 12 are calls, for a total amount of $574,952.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $240.0 to $550.0 for Adobe during the past quarter.
Analyzing Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Adobe’s options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Adobe’s whale trades within a strike price range from $240.0 to $550.0 in the last 30 days.
Adobe Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ADBE | PUT | TRADE | NEUTRAL | 03/06/26 | $20.3 | $17.0 | $18.7 | $275.00 | $263.6K | 94 | 141 |
| ADBE | PUT | TRADE | NEUTRAL | 02/27/26 | $19.1 | $15.8 | $17.4 | $275.00 | $245.3K | 370 | 166 |
| ADBE | PUT | SWEEP | BULLISH | 03/06/26 | $6.05 | $5.55 | $6.05 | $252.50 | $141.6K | 15 | 234 |
| ADBE | PUT | SWEEP | BULLISH | 04/17/26 | $32.75 | $30.75 | $31.37 | $280.00 | $141.1K | 847 | 45 |
| ADBE | CALL | SWEEP | BEARISH | 02/27/26 | $7.2 | $6.75 | $6.75 | $260.00 | $83.6K | 203 | 169 |
About Adobe
Adobe provides content creation, document management, and digital marketing and advertising software and services to creative professionals and marketers for creating, managing, delivering, measuring, optimizing, and engaging with compelling content multiple operating systems, devices, and media. The company operates with three segments: digital media content creation, digital experience for marketing solutions, and publishing for legacy products (less than 5% of revenue).
Having examined the options trading patterns of Adobe, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Present Market Standing of Adobe
- Trading volume stands at 1,611,700, with ADBE’s price down by -0.86%, positioned at $255.55.
- RSI indicators show the stock to be may be oversold.
- Earnings announcement expected in 20 days.
Professional Analyst Ratings for Adobe
2 market experts have recently issued ratings for this stock, with a consensus target price of $335.0.
- An analyst from UBS has decided to maintain their Neutral rating on Adobe, which currently sits at a price target of $340.
- Reflecting concerns, an analyst from Piper Sandler lowers its rating to Neutral with a new price target of $330.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
