Adobe Options Active on Mid Day Share Spike (ADBE)

Shares of Adobe (NASDAQ: ADBE) are spiking this afternoon on no fresh news up nearly 3% to the 29 level. Recently Adobe has been subject to takeover speculation though no deal has materialized as of yet.

Options traders are speculating in the front month November 31 calls with 3,100 contracted traded vs OI of 2,819. Adobe stock touched the 30 level earlier today before retreating to the 28.90 level.

Day's Range: 28.20 - 29.15
52wk Range: 25.45 - 38.20