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 11 trades.
If we consider the specifics of each trade, it is accurate to state that 18% of the investors opened trades with bullish expectations and 81% with bearish.
From the overall spotted trades, 8 are puts, for a total amount of $331,324 and 3, calls, for a total amount of $141,500.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $450.0 and $550.0 for Synopsys, spanning the last three months.
Volume & Open Interest Development
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
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 activity within a strike price range from $450.0 to $550.0 in the last 30 days.
Synopsys Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SNPS | CALL | TRADE | BEARISH | 09/20/24 | $37.0 | $32.0 | $32.0 | $510.00 | $80.0K | 11 | 25 |
| SNPS | PUT | TRADE | BEARISH | 09/20/24 | $27.7 | $25.0 | $27.7 | $500.00 | $60.9K | 368 | 22 |
| SNPS | PUT | TRADE | BULLISH | 06/20/25 | $95.0 | $94.0 | $94.0 | $550.00 | $47.0K | 54 | 25 |
| SNPS | PUT | TRADE | BEARISH | 06/20/25 | $92.0 | $88.2 | $92.0 | $550.00 | $46.0K | 54 | 10 |
| SNPS | PUT | TRADE | BEARISH | 12/20/24 | $80.1 | $76.7 | $80.1 | $550.00 | $40.0K | 82 | 5 |
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.
Synopsys's Current Market Status
- Currently trading with a volume of 957,728, the SNPS's price is down by -9.06%, now at $491.7.
- RSI readings suggest the stock is currently may be oversold.
- Anticipated earnings release is in 19 days.
What The Experts Say On Synopsys
1 market experts have recently issued ratings for this stock, with a consensus target price of $687.0.
- Consistent in their evaluation, an analyst from Piper Sandler keeps a Overweight rating on Synopsys with a target price of $687.
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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