Surge in Options Trading Volume for Adobe and Robinhood
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5h ago
0mins
Source: NASDAQ.COM
- Adobe Options Volume: Adobe Inc saw options trading volume of 31,870 contracts, equating to approximately 3.2 million shares, which represents about 72.6% of its average daily trading volume of 4.4 million shares over the past month, indicating strong market interest in its future performance.
- High Strike Call Activity: Within Adobe, the $300 strike call option has seen 1,741 contracts traded today, representing around 174,100 underlying shares, reflecting investor expectations for a price increase, which could influence future stock price movements.
- Robinhood Options Dynamics: Robinhood Markets Inc recorded options trading volume of 137,689 contracts, approximately 13.8 million shares, accounting for 69.5% of its average daily trading volume of 19.8 million shares over the past month, showcasing strong market interest in its stock.
- Active Call Options Trading: For Robinhood, the $110 strike call option has traded 6,278 contracts today, representing about 627,800 underlying shares, indicating investor confidence in future price increases, which may impact its market performance.
Analyst Views on AVGO
Wall Street analysts forecast AVGO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AVGO is 462.58 USD with a low forecast of 390.00 USD and a high forecast of 525.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
28 Analyst Rating
27 Buy
1 Hold
0 Sell
Strong Buy
Current: 324.850
Low
390.00
Averages
462.58
High
525.00
Current: 324.850
Low
390.00
Averages
462.58
High
525.00
About AVGO
Broadcom Inc. is a global technology firm that designs, develops, and supplies a range of semiconductors, enterprise software and security solutions. The Company operates through two segments: semiconductor solutions and infrastructure software. Its semiconductor solutions segment includes all of its product lines and intellectual property (IP) licensing. It provides a variety of radio frequency semiconductor devices, wireless connectivity solutions, custom touch controllers, and inductive charging solutions for mobile applications. Its infrastructure software segment includes its private and hybrid cloud, application development and delivery, software-defined edge, application networking and security, mainframe, distributed and cybersecurity solutions, and its FC SAN business. It provides a portfolio of software solutions that enable customers to plan, develop, automate, manage and secure applications across mainframe, distributed, mobile and cloud platforms.
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.
