Looking At Cadence Design Sys's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Recent unusual options activity in Cadence Design Sys (NASDAQ:CDNS) shows a mix of bullish and bearish stances, with 50% of investors opening trades with bullish expectations and 50% with bearish. Whales have been targeting a price range of $200 to $270 for CDNS over the last 3 months.
May 30, 2023 | 3:18 pm
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Unusual options activity in Cadence Design Sys (CDNS) shows a mix of bullish and bearish stances, with whales targeting a price range of $200 to $270 over the last 3 months.
The article mentions that 50% of the investors have bullish expectations and 50% have bearish expectations, which indicates a neutral impact on the stock price in the short term. The targeted price range of $200 to $270 by whales also suggests that there is no clear direction for the stock price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100