ADBE Options
ADBE $256.61 · Updated Oct 26, 4:00 PM ET
ADBE is at $256.61. The nearest expiration, Oct 30, 2026 (4 days out), lists 62 strikes, with 4,999 calls and 4,912 puts traded in the latest session. At-the-money implied volatility is 52.4%. The at-the-money straddle prices a move of about $11.43 (4.5%) by expiration.
ADBE Options Chain
ADBE is at $256.61. The nearest expiration, Oct 30, 2026 (4 days out), lists 62 strikes, with 4,999 calls and 4,912 puts traded in the latest session. At-the-money implied volatility is 52.4%. The at-the-money straddle prices a move of about $11.43 (4.5%) by expiration.
ADBE Gamma Exposure (GEX)
ADBE total dealer gamma exposure is $20M across all listed expirations. Positive GEX means dealers are net long gamma; their hedging tends to dampen price moves. The gamma flip is $244.25, with spot 5.1% above it. The call wall is $260.00 and the put wall $250.00.
ADBE Max Pain
ADBE max pain for Oct 30, 2026 (4 days out) is $252.50, 1.6% below the current $256.61. That is the settlement price at which the open contracts on that date would pay holders the least. For Nov 27, 2026, max pain is $255.00.
ADBE Put/Call Ratio
Across every listed ADBE expiration, the put/call ratio is 0.67 by volume and 0.57 by open interest. More calls than puts are trading. 151,756 puts and 266,561 calls are open in total.
ADBE Implied Volatility
ADBE at-the-money implied volatility is 52.4% for Oct 30, 2026 (4 days out). For Nov 27, 2026 it is 42.3%. Near-term volatility is priced above longer-dated volatility, an inverted term structure that usually accompanies an event or stress.
ADBE Open Interest by Strike
Across all ADBE expirations, the largest call open interest near the current $256.61 sits at the $260.00 strike (13,452 contracts) and the largest put open interest at $250.00 (12,699). 266,561 calls and 151,756 puts are open in total.
ADBE Expected Move
The options market prices ADBE to move about $11.43 (4.5%) by Oct 30, 2026, a range of $245.19 to $268.04. For Nov 27, 2026 (32 days out) the expected move is $25.95 (10.1%).