Mixed options sentiment in Adobe (ADBE), with shares up $13.18, or 5.85%, near $238.53. Options volume roughly in line with average with 42k contracts traded and calls leading puts for a put/call ratio of 0.75, compared to a typical level near 1.02. Implied volatility (IV30) dropped 1.87 near 40.37,and above the 52wk median, suggesting an expected daily move of $6.07. Put-call skew steepened, indicating increased demand for downside protection.
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