Financial giants have made a conspicuous bearish move on Synopsys. Our analysis of options history for Synopsys SNPS revealed 8 unusual trades.
Delving into the details, we found 37% of traders were bullish, while 62% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $97,410, and 6 were calls, valued at $419,380.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $460.0 to $640.0 for Synopsys over the recent three months.
Insights into Volume & Open Interest
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 $460.0 to $640.0, over the past month.
Synopsys Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| SNPS | CALL | SWEEP | BEARISH | 12/20/24 | $640.00 | $180.6K | 840 | 36 |
| SNPS | CALL | SWEEP | BULLISH | 04/19/24 | $530.00 | $70.3K | 0 | 19 |
| SNPS | PUT | TRADE | BEARISH | 03/15/24 | $530.00 | $56.8K | 390 | 67 |
| SNPS | CALL | TRADE | BEARISH | 03/15/24 | $540.00 | $52.2K | 297 | 111 |
| SNPS | CALL | SWEEP | BULLISH | 06/21/24 | $460.00 | $47.5K | 38 | 6 |
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?
- Currently trading with a volume of 329,404, the SNPS's price is down by -0.75%, now at $543.86.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 0 days.
What The Experts Say On Synopsys
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $615.0.
- An analyst from Rosenblatt persists with their Buy rating on Synopsys, maintaining a target price of $615.
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.
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