If the options market is any indication, there’s something seriously brewing for Adobe (ADBE). A software giant best known for its digital media solutions, ADBE stock represents one of the more disappointing names in the market — and that’s despite the underlying company being heavily reliant on artificial intelligence. Still, the security finds itself down more than 22% on a year-to-date basis, making its options activity all the more unusual.
Specifically, options flow — which focuses exclusively on big block transactions likely placed by institutional investors — demonstrated a rising shift toward bullish sentiment last week. On Dec. 1, net trade sentiment was $857,400 below parity, with a continuation of the pessimism occurring into the following day. However, at the midweek session, net trade sentiment popped up to $916,500 above parity.
