Adobe Shares Up 0.37%, Mixed Options Sentiment
Mixed options sentiment in Adobe (ADBE), with shares up 94c, or 0.37%, near $258.75. Options volume relatively light with 21k contracts traded and calls leading puts for a put/call ratio of 0.92, compared to a typical level near 1.74. Implied volatility (IV30) dropped 1.53 near 52.54, in the highest 10% of observations over the past year, suggesting an expected daily move of $8.56. Put-call skew flattened, suggesting a modestly bullish tone.Looking ahead: Adobe (ADBE) will report earnings after the close on None.Option markets are pricing in a 50% probability of a move greater than 0.0% or $0.00.
