ADBEAdobe Inc.
Options Analysis Report•SERVICES-PREPACKAGED SOFTWARE
Market Cap $95.8B|NASDAQ
● 2026-05-15$237.01
NEUTRAL
Analysis: 2026-05-14 EOD data
1Y -41.4%YTD -28.9%7D -6.3%
Options Vol
40,665
30D
Implied Move
±13.0%
IV Rank
34%
ADBE Options Overview
IV is elevated. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
6.0
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks6/9 checks passed
IV Rank
≤35%IV Rank 76.8% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.20x — IV premium over HV
Sector Relative≤50%
Sector percentile 35% — below sector median
Term Structure
<1.1xFront/Back 0.98x — contango
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 46.8% — normal range
Spread-Adjusted Value
<80%Effective IV 70.1% (ATM 46.8% + spread 11.6% + bias) — fair
Execution Efficiency
<3.0%Total drag 16.96% (spread 11.64% + slippage 5.32%) — high friction
Vega Efficiency
≥5.0Vega efficiency 33.50 (vega 38.998 / spread 11.64%) — efficient
Sentiment
Bullish or bearish?
6.0
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksNeutral - Moderate signal (Conviction: +0%, Raw: -2%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +0% (neutral) — Raw: -2%
OI Skew Magnitude
≥15%|OI skew| 20.3% — call-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +16.7%, OI skew +20.3% — aligned
Conviction Quality
≥2/3 conditions0-DTE 45%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: -4%, ATM: +8%, OTM: -6% — neutral (ITM/ATM divergent)
Sector Relative≤40% or ≥60%
Sector P/C percentile 63% — bearish vs sector
Activity
Unusual activity?
3.8
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks1/9 checks passed
Volume Surge
≥1.5xVolume 0.9x avg — normal
Turnover Rate
≥15%Vol/OI 6.4% — normal turnover
Strike Concentration
≥60%Top 3 strikes = 50% — dispersed
Multi-Day Persistence
≥2 days1 day(s) elevated — may be one-day event
OI Build
≥5%OI change +7.8% (5d) — building
Sector Relative≥60%
Sector activity percentile 44% — neutral vs sector
Trade Quality
≥30%Large trade volume 22% — mixed
Execution Urgency
≥60%Aggressive execution 22% — patient
Flow Conviction
≥30Conviction +0 (bullish) — mixed
Liquidity
Can I trade efficiently?
4.9
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks4/8 checks passed
Tradeable Spread
≤5.0%Spread 11.6% — wide
Adequate OI
≥10,000OI 635,503 — deep
Active Volume
≥500Volume 40,665/day — active
Reasonable Cost
≤$0.50$0.58 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 37% — tighter than sector
Order Book Depth
≥100 contractsDepth 236.7 contracts (bid:121.6 ask:115.1) — adequate
Execution Quality
<1.0%Avg slippage 5.32% — poor
Timing
Is now a good time?
7.3
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks6/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope -2.4% — flat/unclear
IV Percentile Clarity
<30 or >70IV percentile 77% — seller opportunity
Event Detection
≥10pts kinkIV kink -2.6pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 248.39 — favors income trades
Expiration Distribution
≥3 expirations5 liquid expirations — flexible
Event Risk
≥60% (safe)safe window: Earnings in 27d (low risk)
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow +0% @ 50% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 52 (ITM 20% + inst 22%) — moderate institutional
Directional Strategy Fit
Option Buyers
Long Calls6.0
bullishIV cheap, mixed flow
Long Puts5.4
bearishIV cheap, mixed flow
Premium Sellers
Cash-Secured Put5.4
bullishIV too cheap, mixed flow
Covered Call4.7
bearishIV too cheap, mixed flow
For educational purposes only. Not investment advice.