Mixed options sentiment in Adobe with shares down 0.97%

Mixed options sentiment in Adobe (ADBE), with shares down $3.40 near $346.75. Options volume relatively light with 18k contracts traded and calls leading puts for a put/call ratio of 0.56, compared to a typical level near 0.88. Implied volatility (IV30) dropped 0.71 near 34.01,and above the 52wk median, suggesting an expected daily move of $7.43. Put-call skew steepened, indicating increased demand for downside protection.