Mixed options sentiment in Adobe (ADBE), with shares down $1.95 near $264.95. Options volume relatively light with 57k contracts traded and calls leading puts for a put/call ratio of 0.99, compared to a typical level near 2.14. Implied volatility (IV30) is higher by 1.4 points near 50.68, in the highest 10% of observations over the past year, suggesting an expected daily move of $8.46. Put-call skew flattened, suggesting a modestly bullish tone.
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