Moderately bullish activity in Adobe with shares up 0.93%

Moderately bullish activity in Adobe (ADBE), with shares up $2.75, or 0.93%, near $300.18. Options volume relatively light with 22k contracts traded and calls leading puts for a put/call ratio of 0.8, compared to a typical level near 2.82. Implied volatility (IV30) is higher by 0.8 points near 32.48,and below the 52wk median, suggesting an expected daily move of $6.14. Put-call skew flattened, suggesting a modestly bullish tone.