Adobe (ADBE) saw its stock price rise by $1.79, a 0.69% increase, near $262.24. Options trading volume was relatively in line with average levels, with around 65,000 contracts traded. The put-call ratio slightly increased to 2.49, indicating a modestly bullish tone.
Implied volatility (IV30) dropped to 51.57, which is the highest 10% of observations over the past year, suggesting an expected daily move of $8.52. However, the put-call skew flattened, suggesting that investors are adjusting their views on the company’s prospects.
In other news, Adobe stock has received mixed sentiment from traders, with some moderately bearish bets placed. Despite this, the overall trend remains bullish.
Source: https://www.tipranks.com/news/the-fly/mixed-options-sentiment-in-adobe-with-shares-up-0-69-thefly-news