Investors with a lot of money to spend have taken a bearish stance on Synopsys (NASDAQ:SNPS).

And retail traders should know.

We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with SNPS, it often means somebody knows something is about to happen.

Today, Benzinga's options scanner spotted 9 options trades for Synopsys.

This isn't normal.

The overall sentiment of these big-money traders is split between 22% bullish and 77%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $51,480, and 8, calls, for a total amount of $324,684.

Projected Price Targets

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $550.0 and $580.0 for Synopsys, spanning the last three months.

Insights into Volume & Open Interest

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Synopsys's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Synopsys's substantial trades, within a strike price spectrum from $550.0 to $580.0 over the preceding 30 days.

Synopsys Option Volume And Open Interest Over Last 30 Days

Noteworthy Options Activity:

About Synopsys

Following our analysis of the options activities associated with Synopsys, we pivot to a closer look at the company's own performance.

Present Market Standing of Synopsys

• With a volume of 131,567, the price of SNPS is up 0.51% at $562.0.
• RSI indicators hint that the underlying stock may be approaching overbought.
• Next earnings are expected to be released in 15 days.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Synopsys with Benzinga Pro for real-time alerts.