Whales with a lot of money to spend have taken a noticeably bearish stance on Synopsys.
Looking at options history for Synopsys SNPS we detected 18 trades.
If we consider the specifics of each trade, it is accurate to state that 44% of the investors opened trades with bullish expectations and 55% with bearish.
From the overall spotted trades, 10 are puts, for a total amount of $517,929 and 8, calls, for a total amount of $487,507.
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 $450.0 to $600.0 for Synopsys over the last 3 months.
Analyzing Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Synopsys'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 Synopsys's whale trades within a strike price range from $450.0 to $600.0 in the last 30 days.
Synopsys Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SNPS | PUT | TRADE | BEARISH | 04/19/24 | $21.2 | $19.6 | $21.2 | $540.00 | $154.7K | 985 | 7 |
| SNPS | CALL | SWEEP | BULLISH | 05/17/24 | $14.7 | $14.6 | $14.7 | $520.00 | $132.3K | 62 | 100 |
| SNPS | CALL | SWEEP | BEARISH | 06/21/24 | $17.4 | $16.9 | $16.99 | $550.00 | $94.8K | 708 | 64 |
| SNPS | CALL | TRADE | NEUTRAL | 06/20/25 | $64.9 | $59.7 | $62.6 | $580.00 | $87.6K | 118 | 14 |
| SNPS | PUT | TRADE | BEARISH | 05/17/24 | $47.0 | $45.8 | $47.0 | $560.00 | $65.8K | 122 | 0 |
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.
Where Is Synopsys Standing Right Now?
- With a volume of 1,177,769, the price of SNPS is down -1.73% at $510.71.
- RSI indicators hint that the underlying stock may be oversold.
- Next earnings are expected to be released in 26 days.
Expert Opinions on Synopsys
3 market experts have recently issued ratings for this stock, with a consensus target price of $646.6666666666666.
- An analyst from Needham has revised its rating downward to Buy, adjusting the price target to $660.
- An analyst from Piper Sandler has revised its rating downward to Overweight, adjusting the price target to $665.
- Reflecting concerns, an analyst from Rosenblatt lowers its rating to Buy with a new price target of $615.
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.
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