Someone with a lot of money to spend has taken a bearish stance Adobe ADBE.

And retailers should know.

We noticed this today when the big position in the history of publicly available options that we are tracking here at Benzinga came up.

Whether this is an institution or just a wealthy person, we don’t know. But when something this big happens to ADBE, it often means someone knows something is about to happen.

So how do we know what this whale just did?

Today, To the petrolAdobe’s options scanner discovered 12 unusual options trades for Adobe.

That’s not normal.

The overall sentiment of these big money traders is split between 33% bullish and 66% bearish.

Of all the special options we uncovered, 7 are puts totaling $242,240 and 5 are calls totaling $240,840.

What is the course objective?

Considering the volume and open interest in these contracts, it appears that the whales have been targeting a price range of $370.0-$420.0 for Adobe over the past 3 months.

Volume and open interest development

In terms of liquidity and interest rates, the median open interest for Adobe Options trades today is 177.38 with a total volume of 329.00.

In the chart below, we can track the evolution of volume and open interest of call and put options on Adobe’s big money trades within a strike price range of $370.0 to $420.0 over the last 30 days.

Adobe option volume and open interest over the last 30 days

Biggest options discovered: