Decoding Cadence Design Sys's Options Activity: What's the Big Picture?

Benzinga ·  Feb 22 12:01

High-rolling investors have positioned themselves bullish on Cadence Design Sys (NASDAQ:CDNS), and it's important for retail traders to take note.\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in CDNS often signals that someone has privileged information.

Today, Benzinga's options scanner spotted 14 options trades for Cadence Design Sys. This is not a typical pattern.

The sentiment among these major traders is split, with 50% bullish and 50% bearish. Among all the options we identified, there was one put...

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