A whale with a lot of money to spend has taken a noticeably bullish stance on Adobe.
Looking at options history for Adobe (NASDAQ:ADBE) we detected 13 strange trades.
This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Adobe Inc (NASDAQ: ADBE) Chief Product Officer Scott Belsky addressed user criticism by saying the company has never trained its generative artificial intelligence services on customer projects.
Market bets on whether the Federal Reserve's rate hikes would lead to a recession in 2023 have become a primary focus for the equity markets and for those who trade them.
Someone with a lot of money to spend has taken a bullish stance on Adobe (NASDAQ:ADBE).
And retail traders should know.
We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.
Adobe's (NASDAQ:ADBE) short percent of float has risen 17.28% since its last report. The company recently reported that it has 4.39 million shares sold short, which is 0.95% of all regular shares that are available for trading.