ADBE options flow: unusual options activity in Adobe Inc.
Updated 28 September 2026, 09:54 ET
Over the last week the tape recorded 319 unusual options prints in Adobe Inc. (ADBE), $23.7M of tracked premium, close to even between bullish and bearish premium. Bullish premium was $10.3M against $9.9M bearish; $14.7M went into calls and $9.0M into puts, a put call ratio of 0.61. The largest print was $1.3M of ADBE 19 Mar 2027 $240 puts on 22 September 2026, executed at bid. The last session with prints, 28 September 2026, added 6 prints and $292K of premium. ADBE closed at $235.47 on 25 September 2026, down 1.4%.
This week's unusual flow
Prints from 21 September 2026 to 28 September 2026, 6 sessions. Delayed tier: every print is shown twenty minutes after it executed, and the page is rebuilt after each session.
Net premium is bullish minus bearish premium. The put call ratio is put premium divided by call premium, weighted by money rather than by contract count. Sweeps is the share of prints executed across several exchanges at once. Read the guide: Reading the Pulse.
Largest prints of the week
| Date | Contract | Type | Size | Open int. | Premium | Execution | Sentiment | Tier |
|---|---|---|---|---|---|---|---|---|
| 22 Sep 2026 | ADBE 19 Mar 2027 $240 puts | Trade | 500 | 822 | $1.3M | At bid | Bullish | Whale |
| 22 Sep 2026 | ADBE 15 Dec 2028 $390 calls | Sweep | 220 | 806 | $794K | At ask | Bullish | High conviction |
| 23 Sep 2026 | ADBE 16 Oct 2026 $210 calls | Sweep | 115 | 471 | $378K | At ask | Bullish | High conviction |
| 25 Sep 2026 | ADBE 15 Jan 2027 $240 calls | Sweep | 175 | 1,046 | $374K | At ask | Bullish | Notable |
| 21 Sep 2026 | ADBE 17 Jun 2027 $300 calls | Sweep | 150 | 1,748 | $343K | At bid | Bearish | High conviction |
| 21 Sep 2026 | ADBE 17 Jun 2027 $300 calls | Sweep | 150 | 1,748 | $343K | At bid | Neutral | Notable |
| 22 Sep 2026 | ADBE 20 Nov 2026 $230 puts | Sweep | 344 | 1,117 | $335K | At bid | Bullish | Notable |
| 22 Sep 2026 | ADBE 21 Jan 2028 $170 calls | Trade | 30 | 151 | $289K | At ask | Bullish | Notable |
| 21 Sep 2026 | ADBE 21 Jan 2028 $300 calls | Sweep | 67 | 2,403 | $265K | At ask | Bullish | Notable |
| 25 Sep 2026 | ADBE 17 Jun 2027 $300 calls | Sweep | 153 | 2,288 | $256K | At bid | Bearish | High conviction |
| 22 Sep 2026 | ADBE 17 Jun 2027 $250 calls | Sweep | 63 | 592 | $235K | At bid | Bearish | Notable |
| 23 Sep 2026 | ADBE 16 Oct 2026 $255 puts | Sweep | 131 | 1,592 | $234K | At ask | Bearish | Notable |
Size above open interest means the trade opened a position larger than everything that existed in the contract the night before. Above ask and below bid are the most aggressive executions. Read the guide: Size versus open interest.
Where the money is aimed
| Expiry | Prints | Premium | Calls share | Net premium |
|---|---|---|---|---|
| 21 Jan 2028 | 60 | $3.8M | 98% | +$1.0M |
| 17 Jun 2027 | 31 | $3.2M | 85% | -$678K |
| 16 Oct 2026 | 30 | $3.0M | 43% | -$1.1M |
| 15 Dec 2028 | 25 | $2.1M | 62% | +$1.1M |
| 18 Dec 2026 | 35 | $2.0M | 51% | -$328K |
| 19 Mar 2027 | 13 | $1.8M | 23% | +$955K |
The most premium, $3.8M, is aimed at the 21 Jan 2028 expiry; the nearest expiry with unusual prints is 16 Oct 2026.
A print in a contract expiring this week is a view about the next few days, often about a known event; a print months out is a different kind of statement. Read the guide: 0DTE options flow.
The last session, 28 September 2026
| Date | Contract | Type | Size | Open int. | Premium | Execution | Sentiment | Tier |
|---|---|---|---|---|---|---|---|---|
| 28 Sep 2026 | ADBE 15 Jan 2027 $210 calls | Trade | 20 | 1,449 | $65K | At ask | Bullish | |
| 28 Sep 2026 | ADBE 15 Jan 2027 $210 calls | Sweep | 20 | 1,449 | $65K | At bid | Neutral | |
| 28 Sep 2026 | ADBE 16 Oct 2026 $220 puts | Sweep | 127 | 2,007 | $60K | At bid | Neutral | |
| 28 Sep 2026 | ADBE 15 Jan 2027 $370 puts | Sweep | 3 | 48 | $43K | At ask | Bearish | |
| 28 Sep 2026 | ADBE 21 Jan 2028 $300 calls | Trade | 12 | 2,459 | $34K | At bid | Bearish |
Every print in ADBE with its full detail, the live tape, one tap filters and saved screeners: open ADBE in Options Sentiment Screener.
Price
The live quote and the price chart sit beside the ticker's flow in the app: open ADBE in Options Sentiment Screener.
Analysts
The most recent analyst targets on file, from 22 firms, have a median of $252, 7.2% above the last close. The last 90 days brought 1 upgrade and 1 downgrade.
Calls bought at a strike above the average target are a bet that the analysts are too cautious; puts far below the price in a name they like are protection or a strong disagreement. Read the guide: Reading one ticker's flow.
About Adobe Inc.
- Exchange
- Nasdaq
- Sector
- Information Technology
- Industry
- Computer Software
- Headquarters
- San Jose, California
- Website
- adobe.com
Adobe Inc. operates as a diversified software company worldwide. It operates through three segments: Digital Media, Digital Experience, Publishing and Advertising. Its flagship product is Creative Cloud, a subscription service that allows members to access its creative products. The company offers its products and services directly to enterprise customers through its sales force and local field offices.
In the same sector
Flow pages for other Information Technology names in the S&P 500:
NVDA NVIDIA Corp.AAPL Apple Inc.MSFT Microsoft Corp.AVGO Broadcom Inc.MU Micron Technology Inc.AMD Advanced Micro Devices Inc.INTC Intel Corp.PLTR Palantir Technologies Inc.
Learn
- What unusual options activity means
- Reading one ticker's flow
- Sweeps, blocks and where a trade printed
- Size versus open interest
- Bullish or bearish, how a print's sentiment is inferred
- The conviction score and whale prints
The live tape for ADBE with every print's execution detail, one tap filters for calls, puts, sweeps and 0DTE, saved screeners and, for Realtime subscribers, push alerts and no delay. The same screen is in the iOS and Android apps.
Open ADBE in Options Sentiment Screener