Moderately bullish activity in Adobe (ADBE), with shares up $4.67, or 1.29%, near $366.75. Options volume roughly in line with average with 51k contracts traded and calls leading puts for a put/call ratio of 0.51, compared to a typical level near 1.08. Implied volatility (IV30) dropped 0.02 near 30.26,and above the 52wk median, suggesting an expected daily move of $6.99. Put-call skew flattened, suggesting a modestly bullish tone.
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