Pre-earnings options volume in Cadence Design is 5.5x normal with calls leading puts 19:6. Implied volatility suggests the market is anticipating a move near 6.4%, or $19.75, after results are released. Median move over the past eight quarters is 3.0%.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on CDNS:
- Options Volatility and Implied Earnings Moves Today, February 12, 2024
- CDNS Earnings this Week: How Will it Perform?
- Cadence Design price target raised to $325 from $290 at KeyBanc
- Cadence Design Systems Announces Board Chair Retirement
- Cadence Design named 2024 Top Pick, added to Conviction List at Needham