Whales with a lot of money to spend have taken a noticeably bullish stance on Synopsys.
Looking at options history for Synopsys SNPS we detected 23 trades.
If we consider the specifics of each trade, it is accurate to state that 47% of the investors opened trades with bullish expectations and 34% with bearish.
From the overall spotted trades, 13 are puts, for a total amount of $869,868 and 10, calls, for a total amount of $855,679.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $300.0 to $800.0 for Synopsys over the recent three months.
Volume & Open Interest Trends
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Synopsys's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Synopsys's significant trades, within a strike price range of $300.0 to $800.0, over the past month.
Synopsys Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SNPS | PUT | SWEEP | BULLISH | 01/17/25 | $37.2 | $36.0 | $35.99 | $520.00 | $282.5K | 72 | 97 |
| SNPS | CALL | TRADE | BEARISH | 06/21/24 | $24.1 | $23.4 | $23.4 | $570.00 | $234.0K | 259 | 133 |
| SNPS | CALL | SWEEP | BEARISH | 06/21/24 | $32.7 | $32.6 | $32.6 | $550.00 | $163.0K | 900 | 55 |
| SNPS | CALL | SWEEP | BEARISH | 01/17/25 | $22.0 | $20.6 | $20.5 | $700.00 | $161.9K | 1.6K | 97 |
| SNPS | CALL | TRADE | BEARISH | 06/21/24 | $30.8 | $29.2 | $29.2 | $550.00 | $125.5K | 900 | 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.
Following our analysis of the options activities associated with Synopsys, we pivot to a closer look at the company's own performance.
Synopsys's Current Market Status
- Trading volume stands at 533,932, with SNPS's price up by 0.75%, positioned at $549.65.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 15 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.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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