Synopsys's Options: A Look at What the Big Money is Thinking

Financial giants have made a conspicuous bearish move on Synopsys. Our analysis of options history for Synopsys SNPS revealed 11 unusual trades.

Delving into the details, we found 45% of traders were bullish, while 54% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $124,542, and 9 were calls, valued at $879,030.

Expected Price Movements

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $520.0 to $680.0 for Synopsys over the recent three months.

Volume & Open Interest Trends

In today's trading context, the average open interest for options of Synopsys stands at 283.44, with a total volume reaching 325.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Synopsys, situated within the strike price corridor from $520.0 to $680.0, throughout the last 30 days.

Synopsys Option Volume And Open Interest Over Last 30 Days

Largest Options Trades Observed:

About Synopsys

Synopsys is a provider of electronic design automation software, intellectual property, and software integrity products. EDA software automates the chip design process, enhancing design accuracy, productivity, and complexity in a full-flow end-to-end solution. The firm's growing SI business allows customers to continuously manage and test the code base for security and quality. Synopsys' 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 chip design. The resulting expansion in EDA customers alongside secular digitalization of various end markets benefits EDA vendors like Synopsys.

In light of the recent options history for Synopsys, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Where Is Synopsys Standing Right Now?

• Trading volume stands at 379,093, with SNPS's price down by -0.61%, positioned at $559.3.
• RSI indicators show the stock to be may be approaching overbought.
• Earnings announcement expected in 6 days.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Synopsys options trades with real-time alerts from Benzinga Pro.