ADBEAdobe Inc.
Options Analysis Report•SERVICES-PREPACKAGED SOFTWARE
Market Cap $98.8B|NASDAQ
● 2026-04-17$244.45
NEUTRAL
Analysis: 2026-04-16 EOD data
1Y -28.8%YTD -26.7%7D +8.5%
Options Vol
45,928
30D
Implied Move
±11.6%
IV Rank
26%
ADBE Options Overview
Mixed signals. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
6.6
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 69.9% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.08x — IV premium over HV
Sector Relative≤50%
Sector percentile 31% — below sector median
Term Structure
<1.1xFront/Back 1.00x — contango
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 42.1% — normal range
Spread-Adjusted Value
<80%Effective IV 61.4% (ATM 42.1% + spread 9.7% + bias) — good value
Execution Efficiency
<3.0%Total drag 13.66% (spread 9.65% + slippage 4.01%) — high friction
Vega Efficiency
≥5.0Vega efficiency 20.71 (vega 19.985 / spread 9.65%) — efficient
Sentiment
Bullish or bearish?
5.1
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksNeutral - Weak signal (Conviction: -4%, Raw: -3%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: -4% (neutral) — Raw: -3%
OI Skew Magnitude
≥15%|OI skew| 20.2% — call-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew -2.8%, OI skew +20.2% — divergent (opposite)
Conviction Quality
≥2/3 conditions0-DTE 39%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: +6%, ATM: -16%, OTM: +1% — neutral (ITM/ATM divergent)
Sector Relative≤40% or ≥60%
Sector P/C percentile 78% — very bearish vs sector
Activity
Unusual activity?
4.3
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks1/9 checks passed
Volume Surge
≥1.5xVolume 1.1x avg — normal
Turnover Rate
≥15%Vol/OI 8.1% — 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 +10.0% (5d) — building
Sector Relative≥60%
Sector activity percentile 59% — neutral vs sector
Trade Quality
≥30%Large trade volume 18% — mixed
Execution Urgency
≥60%Aggressive execution 25% — patient
Flow Conviction
≥30Conviction -4 (bearish) — mixed
Liquidity
Can I trade efficiently?
5.3
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks5/8 checks passed
Tradeable Spread
≤5.0%Spread 9.7% — wide
Adequate OI
≥10,000OI 567,877 — deep
Active Volume
≥500Volume 45,928/day — active
Reasonable Cost
≤$0.50$0.48 to cross — cheap
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 32% — tighter than sector
Order Book Depth
≥100 contractsDepth 587.0 contracts (bid:267.6 ask:319.4) — deep
Execution Quality
<1.0%Avg slippage 4.01% — poor
Timing
Is now a good time?
6.8
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks5/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope -0.2% — flat/unclear
IV Percentile Clarity
<30 or >70IV percentile 70% — neutral
Event Detection
≥10pts kinkIV kink 1.3pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 69.27 — favors income trades
Expiration Distribution
≥3 expirations5 liquid expirations — flexible
Event Risk
≥60% (safe)safe window: No events detected
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow -4% @ 52% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 48 (ITM 20% + inst 18%) — moderate institutional
Directional Strategy Fit
Option Buyers
Long Calls5.9
bullishIV cheap, mixed flow
Long Puts5.8
bearishIV cheap, mixed flow
Premium Sellers
Cash-Secured Put4.9
bullishIV too cheap, mixed flow
Covered Call4.8
bearishIV too cheap, mixed flow
For educational purposes only. Not investment advice.