Adobe (ADBE) Options Chain

NASDAQ: ADBETechnologyComputer Software: Prepackaged SoftwareUSD

242.27+1.22 (+0.51%)

At close: Oct 9, 4:00 PM ET · Delayed 15 min

Expiration date

Expiration: Jan 21, 2028
Days to expiration: 468
Share price: $242.27
Put/call ratio (OI): 0.31
Put/call ratio (volume): 0.43
ATM implied volatility: 45.5%
Expected move: ±$124.85
Open interest (C / P): 71.27K / 21.81K

ADBE options summary

The ADBE options chain for the January 21, 2028 expiration lists 56 call and 56 put contracts, with 468 days until expiration. Open interest stands at 71,265 calls and 21,812 puts, a put/call ratio of 0.31, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $240.00 strike is 45.5%, which implies the market expects a move of about ±$124.85 (51.5%) in Adobe stock by expiration.

The most open interest sits at the $200.00 call (20.74K contracts) and the $200.00 put (1.74K contracts).

Summary generated from market data by MetaCap's automated system. Methodology

ADBE options chain · January 21, 2028

ADBE calls and puts by strike price. Shaded cells are in the money.
Calls							Puts
OI	Vol	IV	Last	Bid	Ask	Strike	Bid	Ask	Last	IV	Vol	OI
333	8	73.9%	150.00	148.75	154.20	100.00	1.41	2.50	1.93	51.5%	2	982
0	10	—	160.35	0.00	0.00	105.00	1.92	2.65	2.54	49.7%	2	681
0	22	—	156.10	0.00	0.00	110.00	2.37	3.10	2.75	49.1%	3	242
55	1	68.4%	141.00	134.00	142.70	115.00	2.74	3.65	3.20	48.6%	3	206
93	2	66.6%	133.40	130.85	137.10	120.00	3.20	4.20	3.75	48.0%	2	1,068
70	1	66.7%	155.65	126.00	135.00	125.00	3.75	4.85	4.20	47.6%	2	202
12,676	1	64.6%	126.42	121.00	131.00	130.00	4.50	5.40	5.30	46.7%	10	99
20	1	63.5%	120.80	117.00	127.00	135.00	5.25	6.10	6.10	46.1%	3	174
69	1	63.2%	118.50	114.00	123.00	140.00	5.80	6.80	5.80	45.4%	1	266
0	10	—	140.70	0.00	0.00	145.00	6.90	7.45	7.20	44.5%	1	144
114	1	62.2%	111.23	107.95	115.00	150.00	7.80	8.55	8.16	44.4%	2	858
42	2	62.6%	111.36	105.30	112.00	155.00	8.75	9.55	9.75	43.9%	1	605
50	1	59.5%	94.00	99.00	108.00	160.00	9.20	11.85	10.30	45.5%	1	495
231	86	60.0%	109.95	97.65	104.00	165.00	10.25	13.25	12.00	45.3%	2	401
192	1	59.7%	99.01	94.45	101.00	170.00	12.25	14.50	12.60	44.8%	2	367
85	1	57.5%	92.00	90.00	96.40	175.00	12.35	16.40	14.20	45.1%	1	750
346	3	57.7%	84.66	87.10	94.00	180.00	14.80	16.50	15.64	42.8%	1	607
37	2	55.6%	118.81	83.10	89.00	185.00	14.80	19.05	17.00	43.7%	2	637
78	4	55.2%	73.50	78.00	88.00	190.00	17.70	20.40	18.91	43.0%	1	1,385
56	2	56.4%	85.80	78.05	85.00	195.00	18.45	22.20	20.65	42.7%	1	207
20,743	8	54.0%	77.80	75.30	78.35	200.00	21.90	22.50	22.30	40.6%	25	1,737
170	9	54.2%	69.66	70.05	74.25	210.00	24.15	27.85	27.98	41.6%	4	594
158	1	51.3%	59.52	61.00	68.40	220.00	28.35	32.15	30.80	40.9%	1	836
330	3	51.9%	61.00	59.70	62.35	230.00	32.95	35.65	34.70	39.2%	1	1,203
366	1	51.5%	56.50	54.15	58.80	240.00	37.75	41.65	41.45	39.6%	1	768
ADBE $242.27
2,097	2	51.4%	52.10	51.30	54.00	250.00	44.25	46.95	49.00	38.9%	2	762
408	1	50.0%	43.11	45.25	50.00	260.00	46.00	52.80	56.10	38.5%	10	683
641	65	50.5%	42.20	42.30	44.85	270.00	52.00	58.05	64.50	37.3%	1	1,095
324	2	50.3%	41.20	36.00	41.60	280.00	62.15	64.55	65.80	36.8%	50	892
352	1	50.8%	34.16	35.50	39.30	290.00	67.65	73.00	71.79	38.0%	10	212
2,886	9	50.2%	34.30	32.95	35.95	300.00	75.10	78.90	76.75	36.4%	10	1,074
526	16	49.5%	30.85	30.20	32.80	310.00	82.45	86.90	80.93	36.7%	2	295
548	31	50.3%	29.00	27.80	31.35	320.00	89.20	93.20	87.25	34.9%	2	103
3,105	18	49.1%	26.58	24.80	27.95	330.00	97.35	101.05	89.79	34.5%	1	153
2,459	158	48.5%	24.60	22.30	25.45	340.00	104.85	109.00	102.72	33.9%	1	60
2,358	8	50.0%	22.80	20.85	25.15	350.00	113.45	118.50	121.90	34.9%	4	486
282	2	49.5%	21.85	19.40	22.90	360.00	121.65	126.70	120.70	34.2%	1	56
516	3	49.3%	16.95	16.25	21.15	370.00	129.55	134.45	143.85	32.5%	1	43
661	1	49.3%	16.70	15.75	19.75	380.00	140.25	146.00	141.20	36.0%	1	35
153	1	49.0%	16.20	15.60	18.10	390.00	148.65	152.20	153.70	31.4%	2	18
2,084	5	49.4%	15.15	12.70	17.20	400.00	156.45	161.90	162.72	31.9%	6	153
537	1	49.2%	13.75	11.85	15.95	410.00	166.25	170.65	173.59	30.4%	2	165
712	2	49.0%	12.70	11.65	14.65	420.00	156.55	162.95	163.50	—	1	0
978	2	47.6%	10.20	11.25	12.55	430.00	158.00	165.15	200.43	—	1	1
174	1	47.1%	9.80	10.50	11.30	440.00	194.50	199.75	190.69	31.0%	4	9
1,679	68	50.1%	10.25	8.35	12.80	450.00	203.00	212.00	208.00	37.2%	64	0
805	1	47.2%	8.08	8.85	9.85	460.00	213.00	220.45	208.62	34.6%	4	0
184	1	49.1%	8.75	7.60	10.50	470.00	223.00	232.00	226.50	39.0%	1	0
465	5	47.8%	7.85	7.50	8.90	480.00	0.00	0.00	210.19	—	10	0
299	5	47.4%	7.48	5.45	8.05	490.00	0.00	0.00	245.81	—	5	0
660	1	47.2%	5.80	6.40	7.35	500.00	0.00	0.00	237.00	—	30	0
569	2	47.4%	5.85	5.75	7.00	510.00	261.00	268.00	258.24	27.8%	5	0
523	1	47.9%	6.20	5.20	6.80	520.00	0.00	0.00	266.80	—	1	0
208	1	47.7%	6.77	4.75	6.25	530.00	0.00	0.00	276.66	—	1	0
866	1	47.6%	4.40	4.60	5.75	540.00	245.00	252.00	194.83	—	1	3
6,892	130	47.1%	4.95	4.60	5.15	550.00	269.00	278.00	337.00	—	1	0

In-the-money callsIn-the-money puts. IV = implied volatility, OI = open interest (contracts). Each contract covers 100 shares. Quotes delayed at least 15 minutes.

Frequently asked questions

What is the ADBE put/call ratio?

For the January 21, 2028 expiration, the ADBE put/call ratio based on open interest is 0.31 (21,812 puts vs 71,265 calls), and 0.43 based on today's volume. A ratio above 1 means more puts than calls.

What is ADBE's implied volatility?

At-the-money implied volatility for ADBE options expiring January 21, 2028 is about 45.5%, an annualized estimate of how much the market expects Adobe stock to move.

How many ADBE option expiration dates are there?

ADBE has 17 listed expiration dates, from Oct 16, 2026 to Jan 19, 2029.

What does "in the money" mean?

A call is in the money when the strike price is below the current share price; a put is in the money when the strike is above it. In-the-money contracts have intrinsic value and are shaded in the table.