Mixed options sentiment in Adobe (ADBE), with shares up $1.96, or 0.55%, near $356.12. Options volume relatively light with 12k contracts traded and calls leading puts for a put/call ratio of 0.62, compared to a typical level near 1.0. Implied volatility (IV30) dropped 0.28 near 30.29,and above the 52wk median, suggesting an expected daily move of $6.79. Put-call skew steepened, indicating increased demand for downside protection, following a downgrade to Equal Weight at Morgan Stanley.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ADBE:
- Mixed options sentiment in Adobe with shares up 0.43%
- Why Adobe’s (ADBE) Creative Bargain Box Offers More Than Its Price Suggests
- Adobe’s Stock (ADBE) Is Downgraded by Morgan Stanley on AI Concerns
- Micron reports Q4 beat, Instagram reports 3B MAUs: Morning Buzz
- Amazon upgraded, Adobe downgraded: Wall Street’s top analyst calls