A Closer Look at Cadence Design Sys's Options Market Dynamics

Financial giants have made a conspicuous bearish move on Cadence Design Sys. Our analysis of options history for Cadence Design Sys CDNS revealed 14 unusual trades.

Delving into the details, we found 28% of traders were bullish, while 71% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $64,350, and 12 were calls, valued at $549,317.

Latest Startup Investment Opportunities:

Projected Price Targets

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $260.0 to $370.0 for Cadence Design Sys over the last 3 months.

Volume & Open Interest Trends

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for Cadence Design Sys's options for a given strike price.

Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Cadence Design Sys's whale activity within a strike price range from $260.0 to $370.0 in the last 30 days.

Cadence Design Sys Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

About Cadence Design Sys

Cadence Design Systems is a provider of electronic design automation software, intellectual property, and system design and analysis products. EDA software automates the chip design process, enhancing design accuracy, productivity, and complexity in a full-flow end-to-end solution. Cadence offers a portfolio of design IP, as well as system design and analysis products, which enable system-level analysis and verification solutions. Cadence's comprehensive portfolio is benefiting from a mutual convergence of semiconductor companies moving up-stack toward systems-like companies, and systems companies moving down-stack toward in-house semiconductor design. The resulting expansion in EDA customers, alongside secular digitalization of various end markets, benefits EDA vendors like Cadence.

Present Market Standing of Cadence Design Sys

• With a volume of 839,643, the price of CDNS is up 1.48% at $299.92.
• RSI indicators hint that the underlying stock may be approaching overbought.
• Next earnings are expected to be released in 19 days.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for Cadence Design Sys, Benzinga Pro gives you real-time options trades alerts.