Las opciones de Adobe indican una tendencia bajista: se centra en el nivel de apoyo de $330 y en las peticiones de la fecha de vencimiento del viernes entre 350 y 350.

• ADBE plunges 4.5% to $334.13, breaking below 30D support at $339.12
• Options data shows heavy call open interest at 350-strike (next Friday expiry) and bearish put skew to $325
• MACD divergence and RSI neutrality hint at potential short-term bounce

The big picture: Adobe’s sharp selloff has created a volatile setup where options market positioning suggests a possible rebound off key support—but traders must watch for bearish follow-through below $332.22.Where Bears and Bulls Are Betting

The options chain tells a story of divided sentiment. For this Friday’s expiry, bearish pressure is clear: puts at the $325 strike (OI: 619) and $330 strike (OI: 125) dominate, pricing in a 9.4% downside risk. Yet the next Friday expiry shows a tactical shift—calls at the 350-strike (OI: 897) and 357.5-strike (OI: 572) have surged in open interest. This suggests some players are hedging a short-term rebound, betting Adobe could test its 200D MA at $345.16 as a potential floor.

The put/call ratio for open interest (0.878) leans slightly bullish, but don’t mistake this for a reversal signal. With the stock trading below all major moving averages and Bollinger Bands squeezing the price near the lower bound ($331.44), the technicals still favor a bearish bias—unless buyers step in hard at support zones.

No News, But Sentiment Is Everything

With no material company news to drive the move, this selloff feels more like a broader market rotation than a fundamental Adobe story. That’s both a risk and an opportunity: without earnings or guidance to anchor the price, options traders are pricing in volatility purely on technical triggers. If institutional players are quietly accumulating puts (as the 325-strike OI suggests), retail traders might want to treat this as a warning sign. But here’s the twist: the lack of news also means any positive catalyst—like a sector rebound—could create a sharp bounce.

Trade Ideas: Precision Entries for Friday

For options: Buy-to-open ADBE20260109C350 (next Friday expiry) if Adobe holds above $332.22. The 350-strike offers leverage if the stock bounces toward its 30D MA at $339.12. Alternatively, sell-to-open ADBE20260109P330 for a bearish play if the intraday low of $332.22 breaks.

For stock: Consider entries near $332–$333 if the 200D Bollinger Band ($331.44) holds. A successful rebound could target $345 (100D MA) or $351 (key resistance). If you’re bearish, wait for a close below $330 to trigger a short trade, with a stop just above $335.

Volatility on the Horizon

Adobe isn’t breaking any new ground here—it’s dancing to a familiar tune of mean reversion. The key is timing: if the stock can’t hold $330 by Friday, the bearish puts at that level will gain steam. But if buyers show up near $332, the 350-strike calls could turn into a fireworks show. Either way, this is a setup where patience and precise execution matter more than bravado. Keep an eye on volume; if today’s 2.9M shares swell significantly below $335, it’ll be a green light for bears. Otherwise, treat this as a short-term volatility play with clear exit points.