High Options Trading Volume for Spotify and Delta Air Lines
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Should l Buy ADBE?
Source: NASDAQ.COM
- Spotify Options Volume: Spotify's options trading reached 17,324 contracts, equivalent to approximately 1.7 million shares, representing about 42% of its average daily trading volume of 4.1 million shares over the past month, indicating strong market interest in its future performance.
- High Put Option Activity: Within Spotify, the $420 strike put option is particularly active, with 2,067 contracts traded today, representing around 206,700 underlying shares, reflecting investor expectations of potential price declines.
- Delta Air Lines Options Volume: Delta Air Lines saw options trading of 34,605 contracts, equivalent to approximately 3.5 million shares, or about 41.8% of its average daily trading volume of 8.3 million shares over the past month, suggesting sustained trading interest in its stock.
- Active Put Option Trading: For Delta, the $67.50 strike put option has seen 3,880 contracts traded, involving approximately 388,000 shares, indicating investor focus on potential stock price fluctuations.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy ADBE?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on ADBE
Wall Street analysts forecast ADBE stock price to rise
26 Analyst Rating
13 Buy
11 Hold
2 Sell
Moderate Buy
Current: 263.170
Low
270.00
Averages
431.08
High
660.00
Current: 263.170
Low
270.00
Averages
431.08
High
660.00
About ADBE
Adobe Inc. is a global technology company. The Company's products, services and solutions are used around the world to imagine, create, manage, deliver, measure, optimize and engage with content across surfaces and fuel digital experiences. Its segments include Digital Media, Digital Experience, and Publishing and Advertising. The Digital Media segment is centered around Adobe Creative Cloud and Adobe Document Cloud, which include Adobe Express, Adobe Firefly, Photoshop and other products, offering a variety of tools for creative professionals, communicators and other consumers. The Digital Experience segment provides an integrated platform and set of products, services and solutions through Adobe Experience Cloud. The Publishing and Advertising segment contains legacy products and services. In addition, its Adobe GenStudio solution allows businesses to simplify their content supply chain process with generative artificial intelligence (AI) capabilities and intelligent automation.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
High Options Trading Volume for Spotify and Delta Air Lines
- Spotify Options Volume: Spotify's options trading reached 17,324 contracts, equivalent to approximately 1.7 million shares, representing about 42% of its average daily trading volume of 4.1 million shares over the past month, indicating strong market interest in its future performance.
- High Put Option Activity: Within Spotify, the $420 strike put option is particularly active, with 2,067 contracts traded today, representing around 206,700 underlying shares, reflecting investor expectations of potential price declines.
- Delta Air Lines Options Volume: Delta Air Lines saw options trading of 34,605 contracts, equivalent to approximately 3.5 million shares, or about 41.8% of its average daily trading volume of 8.3 million shares over the past month, suggesting sustained trading interest in its stock.
- Active Put Option Trading: For Delta, the $67.50 strike put option has seen 3,880 contracts traded, involving approximately 388,000 shares, indicating investor focus on potential stock price fluctuations.
See More
Figma's Integration with Anthropic May Change the Course of the SaaS Landscape
Strong Financial Performance: Figmа reported a fourth-quarter revenue of $303.8 million, marking a 40% year-over-year growth, which exceeded analyst expectations and indicated a potential reversal in market sentiment regarding the impact of AI on traditional software models.
Strategic Integration with Anthropic: The company announced a strategic integration with Anthropic, allowing developers to generate user interfaces using Claude AI, which positions Figmа as a core engine for expansion rather than being replaced by AI technologies.
User Growth and Market Expansion: Figmа has seen significant growth in its user base, with weekly active users for Figmа Make increasing by over 70% from the previous quarter, and international revenue growing by 45%, now representing 54% of total revenue.
Future Projections and Market Position: Management projects continued strong revenue growth for 2026, with expectations of $1.366 to $1.374 billion, while also preparing to implement consumption-based pricing models, indicating a shift towards a hybrid revenue structure that could enhance long-term sustainability.
See More
Analysis of the Reasons Behind Software Stock Pullback
- Market Sentiment Shift: In 2025, Palantir Technologies has seen its stock price drop about 22%, while Adobe, Salesforce, and ServiceNow have all slid between 25% and 30%, indicating increasing investor concerns about software stocks despite strong performance reports from these companies.
- Valuation Risk Emergence: With the S&P 500 climbing 78% from 2023 to 2025, many software stocks have run ahead of their underlying fundamentals, leading to a market reassessment of these high-valuation stocks, which could further depress prices.
- Misunderstanding of AI Impact: While AI is viewed as a potential disruptive force, analysis suggests that its application is actually helping incumbents enhance their competitive advantages rather than simply threatening their market positions, indicating that market fears regarding AI may be misguided.
- Long-Term Growth Potential: Despite Palantir's stock price decline year-to-date, it has risen over 80% since the beginning of 2025, reflecting strong revenue growth and profitability, suggesting market recognition of its long-term growth potential.
See More
Underlying Reasons for Software Stock Sell-off
- Market Sentiment Shift: In 2026, Palantir Technologies' stock has dropped about 22%, while shares of Adobe, Salesforce, and ServiceNow have slid between 25% and 30%, indicating a growing panic among investors despite these companies reporting strong results.
- Valuation Risk Emergence: With the S&P 500 climbing 78% from 2023 to 2025, many software stocks have seen their valuations exceed underlying fundamentals, prompting a market reassessment that has led to recent sell-offs.
- Misunderstanding AI's Impact: While investors fear AI's potential to disrupt the software industry, companies like Palantir and ServiceNow possess complex integrations that make it difficult for competitors to replicate their software, suggesting AI may actually enhance their competitive advantages.
- Uncertain Future Trajectory: Although the current sell-off in software stocks may be justified, the market must remain cautious of valuation risks, particularly with high price-to-sales ratios in companies like Snowflake, CrowdStrike, and Shopify, which could indicate further downside potential.
See More
Analysis of Software Stocks' Significant Decline
- Market Panic: In 2026, Palantir Technologies' stock has dropped approximately 22%, while long-term wealth compounding stocks like Adobe, Salesforce, and ServiceNow have seen declines of 25% to 30%, indicating a growing panic among investors despite these companies reporting strong results.
- Valuation Risk Emerges: With the S&P 500 climbing 78% from 2023 to 2025, high-valuation stocks are facing the risk of re-rating, prompting investors to reassess software companies' valuations even as their fundamentals continue to grow steadily.
- Misunderstanding AI's Impact: While the market fears that AI may disrupt the software industry, companies like Palantir and ServiceNow possess deep domain knowledge and complex integrations that make them nearly impossible to replicate, suggesting that the market's concerns about AI may be based on flawed logic.
- Uncertain Future Trends: Although stocks like Palantir may face further declines, the overall valuation of software stocks remains high, and investors need to carefully evaluate the durability of software companies' competitive advantages to navigate potential valuation risks.
See More
Figma's Earnings Report is Today: Key Points to Monitor.
- Figma's IPO Journey: Figma transitioned from being a standout IPO success in 2025 to experiencing a disappointing performance in the market.
- Upcoming Earnings Report: The company's earnings report, scheduled for release after trading on Wednesday, presents an opportunity to potentially improve its current narrative.
See More
High Options Trading Volume for Spotify and Delta Air Lines
- Spotify Options Volume: Spotify's options trading reached 17,324 contracts, equivalent to approximately 1.7 million shares, representing about 42% of its average daily trading volume of 4.1 million shares over the past month, indicating strong market interest in its future performance.
- High Put Option Activity: Within Spotify, the $420 strike put option is particularly active, with 2,067 contracts traded today, representing around 206,700 underlying shares, reflecting investor expectations of potential price declines.
- Delta Air Lines Options Volume: Delta Air Lines saw options trading of 34,605 contracts, equivalent to approximately 3.5 million shares, or about 41.8% of its average daily trading volume of 8.3 million shares over the past month, suggesting sustained trading interest in its stock.
- Active Put Option Trading: For Delta, the $67.50 strike put option has seen 3,880 contracts traded, involving approximately 388,000 shares, indicating investor focus on potential stock price fluctuations.
See More
Figma's Integration with Anthropic May Change the Course of the SaaS Landscape
Strong Financial Performance: Figmа reported a fourth-quarter revenue of $303.8 million, marking a 40% year-over-year growth, which exceeded analyst expectations and indicated a potential reversal in market sentiment regarding the impact of AI on traditional software models.
Strategic Integration with Anthropic: The company announced a strategic integration with Anthropic, allowing developers to generate user interfaces using Claude AI, which positions Figmа as a core engine for expansion rather than being replaced by AI technologies.
User Growth and Market Expansion: Figmа has seen significant growth in its user base, with weekly active users for Figmа Make increasing by over 70% from the previous quarter, and international revenue growing by 45%, now representing 54% of total revenue.
Future Projections and Market Position: Management projects continued strong revenue growth for 2026, with expectations of $1.366 to $1.374 billion, while also preparing to implement consumption-based pricing models, indicating a shift towards a hybrid revenue structure that could enhance long-term sustainability.
See More
Analysis of the Reasons Behind Software Stock Pullback
- Market Sentiment Shift: In 2025, Palantir Technologies has seen its stock price drop about 22%, while Adobe, Salesforce, and ServiceNow have all slid between 25% and 30%, indicating increasing investor concerns about software stocks despite strong performance reports from these companies.
- Valuation Risk Emergence: With the S&P 500 climbing 78% from 2023 to 2025, many software stocks have run ahead of their underlying fundamentals, leading to a market reassessment of these high-valuation stocks, which could further depress prices.
- Misunderstanding of AI Impact: While AI is viewed as a potential disruptive force, analysis suggests that its application is actually helping incumbents enhance their competitive advantages rather than simply threatening their market positions, indicating that market fears regarding AI may be misguided.
- Long-Term Growth Potential: Despite Palantir's stock price decline year-to-date, it has risen over 80% since the beginning of 2025, reflecting strong revenue growth and profitability, suggesting market recognition of its long-term growth potential.
See More
Underlying Reasons for Software Stock Sell-off
- Market Sentiment Shift: In 2026, Palantir Technologies' stock has dropped about 22%, while shares of Adobe, Salesforce, and ServiceNow have slid between 25% and 30%, indicating a growing panic among investors despite these companies reporting strong results.
- Valuation Risk Emergence: With the S&P 500 climbing 78% from 2023 to 2025, many software stocks have seen their valuations exceed underlying fundamentals, prompting a market reassessment that has led to recent sell-offs.
- Misunderstanding AI's Impact: While investors fear AI's potential to disrupt the software industry, companies like Palantir and ServiceNow possess complex integrations that make it difficult for competitors to replicate their software, suggesting AI may actually enhance their competitive advantages.
- Uncertain Future Trajectory: Although the current sell-off in software stocks may be justified, the market must remain cautious of valuation risks, particularly with high price-to-sales ratios in companies like Snowflake, CrowdStrike, and Shopify, which could indicate further downside potential.
See More
Analysis of Software Stocks' Significant Decline
- Market Panic: In 2026, Palantir Technologies' stock has dropped approximately 22%, while long-term wealth compounding stocks like Adobe, Salesforce, and ServiceNow have seen declines of 25% to 30%, indicating a growing panic among investors despite these companies reporting strong results.
- Valuation Risk Emerges: With the S&P 500 climbing 78% from 2023 to 2025, high-valuation stocks are facing the risk of re-rating, prompting investors to reassess software companies' valuations even as their fundamentals continue to grow steadily.
- Misunderstanding AI's Impact: While the market fears that AI may disrupt the software industry, companies like Palantir and ServiceNow possess deep domain knowledge and complex integrations that make them nearly impossible to replicate, suggesting that the market's concerns about AI may be based on flawed logic.
- Uncertain Future Trends: Although stocks like Palantir may face further declines, the overall valuation of software stocks remains high, and investors need to carefully evaluate the durability of software companies' competitive advantages to navigate potential valuation risks.
See More
Figma's Earnings Report is Today: Key Points to Monitor.
- Figma's IPO Journey: Figma transitioned from being a standout IPO success in 2025 to experiencing a disappointing performance in the market.
- Upcoming Earnings Report: The company's earnings report, scheduled for release after trading on Wednesday, presents an opportunity to potentially improve its current narrative.
See More
