Looking At Synopsys's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Recent unusual options activity in Synopsys (NASDAQ:SNPS) indicates a bullish sentiment among deep-pocketed investors. Benzinga's options scanner highlighted 15 extraordinary options activities, with 66% of the trades being bullish. The significant investors are targeting a price range of $230.0 to $800.0 for Synopsys over the next three months. Analysts maintain positive ratings with an average target price of $679.33.
July 17, 2024 | 2:15 pm
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Unusual options activity in Synopsys (NASDAQ:SNPS) indicates a bullish sentiment among deep-pocketed investors. Benzinga's options scanner highlighted 15 extraordinary options activities, with 66% of the trades being bullish. The significant investors are targeting a price range of $230.0 to $800.0 for Synopsys over the next three months.
The unusual options activity, with a majority of bullish trades, suggests that investors are optimistic about Synopsys's future performance. The significant volume and open interest in calls indicate strong investor interest and potential upward price movement. Additionally, positive analyst ratings support this bullish sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100