Looking At Synopsys's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Recent unusual options activity indicates a bearish stance on Synopsys (NASDAQ:SNPS), with 60% of investors having bearish expectations. Whales have been targeting a price range of $370 to $490 for Synopsys over the last 3 months. The stock is currently down 2.13% at $454.91, and RSI indicators suggest it may be overbought.
May 31, 2023 | 7:03 pm
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Bearish options activity on Synopsys (NASDAQ:SNPS) with 60% of investors having bearish expectations. The stock is down 2.13% at $454.91, and RSI indicators suggest it may be overbought.
The article highlights unusual options activity with a bearish stance on Synopsys, as 60% of investors have bearish expectations. This suggests that there is a higher probability of the stock price going down in the short term. Additionally, the stock is currently down 2.13% at $454.91, and RSI indicators suggest it may be overbought, which further supports the bearish outlook.
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