Information Technology

Adobe Inc (ADBE) options and signal

Figures as of 28 Sep 2026

ADBE is Adobe Inc, an Information Technology name the model ranks every trading day. The options figures are from the close on 28 Sep 2026. The model's figures are from 25 Sep 2026, one trading day behind the latest, as the Free plan shows them. Every model figure is paper trading.

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At a glance

Figure	Value	Date
Trade Card	Bear call spread, 18 Dec	25 Sep
IV rank	92 of 100	28 Sep
At the money IV	41.8%	28 Sep
Priced move to 30 Oct	12.3% down, 12.7% up	28 Sep
Call wall and put wall	250 and 210	28 Sep
Signal and the desk's view	Bearish signal, view bearish	25 Sep
Last close	231.01	28 Sep
Next report	9 Dec 2026	28 Sep

Trade Cards

On 25 Sep 2026 the Trade Card for ADBE was a bear call spread expiring 18 Dec 2026, paper trading.

Figure	Value
Signal	Bearish, over 45 trading days
Strategy	Bear call spread, credit
Legs	Sell the 270 call, Buy the 300 call
Expiry	18 Dec 2026, 84 days to expiry
Limit	A credit of at least $5.05
Probability of profit	72%, the option market's odds at expiry, from delta
Max loss	$2,495 per contract
Max profit	$505 per contract
Breakeven	275.05
IV rank at that expiry	96 of 100

Probability of profit is the option market's own odds from delta, not the model's.

Priced on the option chain at the close on 25 Sep 2026.

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Options Snapshot

ADBE's IV rank is 92 of 100 on 28 Sep 2026.

Figure	Value
IV rank	92 of 100
At the money IV	41.8%, near month, 32 days
Put/call ratio, open interest	1.60
Call open interest, strikes captured near the price	97,800 contracts
Put open interest, strikes captured near the price	156,000 contracts
Cost to trade at the money	Tight, 12.0% of the option's mid price

IV rank is where the at the money IV sits among ADBE's own weekly readings, 0 the lowest and 100 the highest.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Priced Range

On 28 Sep 2026, ADBE options priced a move of 12.3 percent down and 12.7 percent up by 30 Oct 2026.

Expiry	Days	Down	Up	Range
2 Oct 2026	4	4.4%	4.5%	220.81 to 241.51
9 Oct 2026	11	7.0%	7.3%	214.81 to 247.91
23 Oct 2026	25	11.2%	10.8%	205.21 to 255.91
30 Oct 2026	32	12.3%	12.7%	202.51 to 260.41
20 Nov 2026	53	15.4%	16.8%	195.41 to 269.71
18 Dec 2026	81	20.4%	22.7%	183.91 to 283.51
19 Feb 2027	144	27.5%	29.2%	167.41 to 298.51

The range is one standard deviation either side of the close of 231.01, as the option prices imply it.

A priced move restates option prices at the close and says nothing certain about where the price goes.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Gamma Map

On 28 Sep 2026, ADBE's call wall is the 250 strike and its put wall is the 210 strike.

Figure	Value
Call wall, most open call gamma	250
Put wall, most open put gamma	210
Net dollar gamma, calls minus puts	minus $36.06 million
Total dollar gamma, both sides	$105.97 million
Close	231.01

Dollar gamma is stated for a one percent move in the price.

Net is calls minus puts under the standard convention, not a record of who holds the contracts.

Net gamma changes sign at 5 strikes, so no single flip strike is named.

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Gamma Map in RingMaster The Gamma Map guide

Volatility History

On 28 Sep 2026, ADBE's at the money IV is 41.8 percent against 20 day realized volatility of 42.0 percent.

Figure	Value
At the money IV	41.8%
Realized volatility, 20 trading days	42.0%
Realized volatility, 60 trading days	48.1%
IV against its own weekly record	High, in the top fifth
Weekly readings on record	865, from 8 Jan 2010
Weeks the price moved more than the one week priced move	28.2% of 252 weeks

Realized volatility is worked out from the daily closes the desk holds, not from the option chain.

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Volatility History in RingMaster The Volatility History guide

Volatility Weather

On 28 Sep 2026, ADBE's at the money IV runs from 44.8 percent at 4 days to 44.9 percent at 144 days.

Days to expiry	At the money IV
4	44.8%
11	48.2%
18	43.0%
25	45.7%
39	43.9%
53	42.0%
81	46.4%
144	44.9%

Near and far expiries price about the same volatility, a flat term structure.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility Smile

On 28 Sep 2026, at the 32 day expiry, ADBE's IV ten percent below the price sits 4.0 points above at the money IV.

Strike area	Implied volatility	Against at the money
10% below the price	45.8%	+4.0 points
At the money	41.8%	0.0 points
10% above the price	43.0%	+1.2 points

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility Surface

On 28 Sep 2026, ADBE's surface spans 10 expiries out to 144 days, with IV from 40.9 to 52.7 percent near the price.

Figure	Value
Expiries captured	10
Nearest expiry	2 Oct 2026, 4 days
Farthest expiry	19 Feb 2027, 144 days
Points within 10% of the price, 7 days out or more	93
Lowest IV among them	40.9%
Highest IV among them	52.7%

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Expiry Ladder

On 28 Sep 2026, ADBE has 10 captured expiries, from 2 Oct 2026 to 19 Feb 2027.

Expiry	Days	At the money IV	Call open interest	Put open interest
2 Oct 2026	4	44.8%	6,852	8,190
9 Oct 2026	11	48.2%	2,247	3,731
16 Oct 2026	18	43.0%	16,585	45,443
23 Oct 2026	25	45.7%	1,278	2,312
30 Oct 2026	32	41.8%	1,873	2,195
6 Nov 2026	39	43.9%	109	764
20 Nov 2026	53	42.0%	15,853	17,843
18 Dec 2026	81	46.4%	24,386	31,712
15 Jan 2027	109	45.4%	24,105	40,224
19 Feb 2027	144	44.9%	4,544	3,467

Open interest is summed over the strikes captured near the price on each expiry.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Strike Table

On 28 Sep 2026, ADBE's largest open interest sits at the 210 strike, with 31,103 contracts across the captured expiries.

Strike	Call open interest	Put open interest	Total
210	4,631	26,472	31,103
250	10,288	13,668	23,956
260	12,260	5,400	17,660
240	6,269	7,012	13,281
230	1,929	10,342	12,271
270	6,451	3,582	10,033

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Strike Table in RingMaster The Strike Table guide

Since Yesterday

From 25 Sep 2026 to 28 Sep 2026, ADBE's at the money IV moved from 39.5 percent to 41.8 percent.

Figure	25 Sep	28 Sep	Change
At the money IV	39.5%	41.8%	+2.3 points
Open interest, strikes captured near the price	274,472	253,713	-20,759
Put/call ratio, open interest	1.43	1.59	+0.17

Open interest changes cannot identify buyers or sellers.

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Since Yesterday in RingMaster The Since Yesterday guide

Changed Hands

On 28 Sep 2026, 50,842 ADBE option contracts traded, 1.2 times its own recent average.

Figure	Value
Calls traded	29,500
Puts traded	21,342
Against its recent average	1.2 times
Busier than	10 of its last 20 trading days
Open interest, whole chain	506,618 contracts
Volume to open interest	0.10
Unusual volume flag	Yes, 6 contracts traded well above open interest
Largest flagged contract	The 290 call expiring 18 Dec, 2,234 traded against 1,040 open

Traded volume and open interest are shown side by side and never combined. Open interest changes cannot identify buyers or sellers.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Positioning Replay

The replay holds 33 trading days of ADBE's option positioning, from 11 Aug 2026 to 28 Sep 2026.

Date	Close	Net dollar gamma	Top call strike	Top put strike
11 Aug 2026	263.71	$29.38 million	260	250
21 Sep 2026	249.52	minus $15.47 million	260	250
28 Sep 2026	231.01	minus $36.06 million	250	210

Each frame restates one nightly capture. Net is calls minus puts, a convention, not who holds the contracts.

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Positioning Replay in RingMaster The Positioning Replay guide

Read-out

On 25 Sep 2026 the desk's view of ADBE was bearish, paper trading.

Figure	Value
Side	Bearish at 45 trading days, signal on
Level above the close	241.51, the swing high of 11 Sep 2026, a close past it runs against the view
Level below the close	201.31, the swing low of 30 Jun 2026
The chart	Sits with the view
Strategy family	Bear call spread (sell a call spread above the price)
Price target	None. The desk has no price model.

The levels are prices the shares turned at on the chart, with the date of each.

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

Open Read-out in RingMaster The Read-out guide

Rank by Timeframe

On 25 Sep 2026 ADBE sat at the 2nd percentile of the model's 45 trading day ranking, paper trading.

Timeframe	Percentile	Side
10 trading days	33 of 100	Neutral
20 trading days	14 of 100	Bearish
45 trading days	2 of 100	Bearish

100 is the top of the ranking. A name in the middle three fifths is neutral.

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

Open Rank by Timeframe in RingMaster The Rank by Timeframe guide

Timeframe Agreement

On 25 Sep 2026, 2 of 3 timeframes put ADBE on the bearish side, paper trading.

Group	Timeframes	Side	On that side
Near	10 day, 20 day	Bearish	1 of 2
Long	45 day	Bearish	1 of 1

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

Open Timeframe Agreement in RingMaster The Timeframe Agreement guide

Signal History

On 25 Sep 2026 ADBE's bearish signal had held 5 trading days in a row, paper trading.

Trading day	Signal	45 day percentile
25 Sep 2026	Bearish	2 of 100
24 Sep 2026	Bearish	1 of 100
23 Sep 2026	Bearish	2 of 100
22 Sep 2026	Bearish	3 of 100
21 Sep 2026	Bearish	5 of 100
18 Sep 2026	None	12 of 100
17 Sep 2026	None	6 of 100
16 Sep 2026	Bearish	2 of 100

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

Open Signal History in RingMaster The Signal History guide

Sector Split

On 25 Sep 2026, 80 of 187 Information Technology names were bullish and 61 were bearish, paper trading.

Sector	Names	Bullish	Bearish	Neutral
Information Technology	187	80	61	46

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Price Chart

ADBE closed at 231.01 on 28 Sep 2026.

Figure	Value
Last close	231.01
Change over 5 trading days	-7.4%
Change over 21 trading days	-20.1%
Change over 63 trading days	+11.9%
Change over 252 trading days	-34.8%
52 week high	363.70
52 week low	190.12
20 day moving average	256.67
50 day moving average	257.29
200 day moving average	262.12
RSI, 14 days	34

Worked out from the desk's own daily bars, adjusted for share splits.

From the daily bars through 28 Sep 2026. Current on every plan.

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Earnings Radar

ADBE reports next on 9 Dec 2026, a date confirmed by the company.

Figure	Value
Next report	9 Dec 2026
Date	Confirmed by the company

Earnings calendar as of 28 Sep 2026. Current on every plan.

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Short Volume

On 25 Sep 2026, 46.0 percent of ADBE's reported volume at the covered venues was marked short.

Figure	Value
Short sale share, 25 Sep	46.0%
Five day average	52.3%
52 week median	49.2%
Short interest, share of shares outstanding	4.7% at the 15 Sep 2026 settlement
Days to cover	3.2

Short sale volume counts trades marked short at the covered venues, mostly off exchange. It is not the same as short interest.

Short volume as of 25 Sep 2026. Current on every plan.

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Seasonality

In the 36 Septembers on record, ADBE's average change was plus 0.0 percent, and it rose in 52.8 percent of them.

Month	Average change	Middle change	Share of years up	Years
September	+0.0%	+1.1%	52.8%	36
October	+6.3%	+7.3%	72.2%	36
November	+2.9%	+3.4%	63.9%	36

Each figure is a month end to month end change in past years. A past month says nothing certain about the next one.

Monthly history through 28 Sep 2026. Current on every plan.

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Headlines

The desk's news feeds carried 6 headlines naming ADBE in the 3 days to 28 Sep 2026.

Figure	Value
Headlines in the window	6
Latest	28 Sep 2026

The titles are in the Headlines window, with the time each was published.

Headlines as of 28 Sep 2026. Current on every plan.

Open Headlines in RingMaster The Headlines guide

Questions

What is ADBE's IV rank?: ADBE's IV rank is 92 of 100 on 28 Sep 2026.
What move are ADBE options pricing?: On 28 Sep 2026, ADBE options priced a move of 12.3 percent down and 12.7 percent up by 30 Oct 2026.
Where are ADBE's call wall and put wall?: On 28 Sep 2026, ADBE's call wall is the 250 strike and its put wall is the 210 strike.
What was the latest Trade Card for ADBE on the Free plan?: On 25 Sep 2026 the Trade Card for ADBE was a bear call spread expiring 18 Dec 2026, paper trading.
When does ADBE report earnings next?: ADBE reports next on 9 Dec 2026, a date confirmed by the company.

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