Mixed options sentiment in Adobe (ADBE), with shares down $8.43 near $373.81. Options volume relatively light with 16k contracts traded and calls leading puts for a put/call ratio of 0.52, compared to a typical level near 1.09. Implied volatility (IV30) is higher by 0.7 points near 26.5,and below the 52wk median, suggesting an expected daily move of $6.24. Put-call skew flattened, suggesting a modestly bullish tone, following a downgrade to Sell at Rothschild & Co Redburn.
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