Deep-pocketed investors have adopted a bullish approach towards Cadence Design Systems CDNS, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in CDNS usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 12 extraordinary options activities for Cadence Design Systems. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 58% leaning bullish and 41% bearish. Among these notable options, 4 are puts, totaling $332,900, and 8 are calls, amounting to $437,970.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $240.0 to $280.0 for Cadence Design Systems over the recent three months.
Analyzing Volume & Open Interest
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 Cadence Design Systems'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 Cadence Design Systems's whale activity within a strike price range from $240.0 to $280.0 in the last 30 days.
Cadence Design Systems 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CDNS | PUT | TRADE | BULLISH | 01/15/27 | $41.0 | $37.8 | $38.5 | $260.00 | $192.5K | 19 | 50 |
| CDNS | CALL | TRADE | BULLISH | 09/19/25 | $20.0 | $19.9 | $20.0 | $280.00 | $84.0K | 24 | 81 |
| CDNS | CALL | TRADE | BULLISH | 09/19/25 | $19.9 | $18.3 | $19.9 | $280.00 | $83.5K | 24 | 123 |
| CDNS | CALL | TRADE | BULLISH | 09/19/25 | $19.8 | $18.5 | $19.8 | $280.00 | $83.1K | 24 | 165 |
| CDNS | PUT | SWEEP | BEARISH | 04/17/25 | $2.7 | $2.45 | $2.45 | $240.00 | $60.7K | 123 | 248 |
About Cadence Design Systems
Cadence Design Systems is a provider of electronic design automation software, intellectual property, and system design and analysis products. EDA software automates and aids in the chip design process, enhancing design accuracy, productivity, and complexity in a full-flow end-to-end solution. Cadence offers a portfolio of design IP, as well as system design and analysis products, which enables system-level analysis and verification solutions.
Where Is Cadence Design Systems Standing Right Now?
- With a trading volume of 615,119, the price of CDNS is down by -0.47%, reaching $262.16.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 25 days from now.
Professional Analyst Ratings for Cadence Design Systems
In the last month, 1 experts released ratings on this stock with an average target price of $200.0.
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Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Cadence Design Systems, Benzinga Pro gives you real-time options trades alerts.
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