Mixed options sentiment in Adobe (ADBE), with shares up 34c, or 0.14%, near $240.45. Options volume relatively light with 13k contracts traded and calls leading puts for a put/call ratio of 0.52, compared to a typical level near 1.02. Implied volatility (IV30) dropped 0.16 near 40.42,and above the 52wk median, suggesting an expected daily move of $6.12. Put-call skew flattened, suggesting a modestly bullish tone.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ADBE:
- ADBE, ADSK, VEEV: Michael Burry Loads Up on Beaten-Down Software Stocks
- Mixed options sentiment in Adobe with shares up 5.85%
- Adobe and Figma Stocks Are Up 5% Today, But BTIG Remains Cautious
- Nike downgraded, Starbucks upgraded: Wall Street’s top analyst calls
- Adobe (ADBE) Hits a 52-Week Low as Fundamentals Improve. Is This a Buying Opportunity?