Pre-earnings options volume in Cadence Design is 1.3x normal with calls leading puts 8:5. Implied volatility suggests the market is anticipating a move near 4.5%, or $13.04, after results are released. Median move over the past eight quarters is 2.9%.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CDNS:
- Options Volatility and Implied Earnings Moves Today, July 22, 2024
- CDNS Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Cadence Design Systems (NASDAQ:CDNS) Pre-Earnings: Here’s What to Expect
- Cadence Design price target raised to $341 from $322 at Baird
- Synopsys price target raised to $690 from $675 at KeyBanc