Mixed options sentiment in Adobe with shares down 1.51%

Mixed options sentiment in Adobe (ADBE), with shares down $3.83 near $250.37. Options volume relatively light with 4601 contracts traded and calls leading puts for a put/call ratio of 0.77, compared to a typical level near 1.42. Implied volatility (IV30) is higher by 1.1 points near 37.46,and above the 52wk median, suggesting an expected daily move of $5.91. Put-call skew flattened, suggesting a modestly bullish tone, following a downgrade to Hold at Argus.