SNPS Forecast + Trading Strategies


Bullish Case: Synopsys' strong return history, 42% higher bullish risk, and positive Helium AI price forecast (+0.7%) suggest promising upside. Stable implied volatility supports confidence.


Bearish Case: Competition and insider sales are risks, with Helium uncertainty higher than market levels. Implied volatilities rising in longer tenors indicate potential adverse moves.


Potential Outcomes: Growth via AI advancements (70%). Headwinds: integration issues and competition (30%). Earnings volatility could affect stock price trajectory.


Trading Oracle: Trade a bullish credit put spread. Sell $600 put, buy $590 put expiring in 4 days. High 64% PoP, favorable edge aligns with stable implied volatilities. Strike prices optimize reward-risk dynamics for robust alpha.


July 16, 2024


Synopsys Forecast

SNPS      Synopsys











Correlated Assets

Assets that tend to move strongly with SNPS



CDNS Forecast + Options Trading Strategies   CDNS  Cadence Design Systems (0.95)


CRWD Forecast + Options Trading Strategies   CRWD  Crowdstrike (0.94)


ANET Forecast + Options Trading Strategies   ANET  Arista Networks (0.93)


ANF Forecast + Options Trading Strategies   ANF  Abercrombie & Fitch (0.92)


STX Forecast + Options Trading Strategies   STX  Seagate Technology (0.92)



Uncorrelated Assets

Assets with little price relationship to SNPS



MAG Forecast + Options Trading Strategies   MAG  MAG Silver (0.0)


HOLX Forecast + Options Trading Strategies   HOLX  Hologic (-0.0)


SAND Forecast + Options Trading Strategies   SAND  Sandstorm Gold (-0.0)


NAT Forecast + Options Trading Strategies   NAT  Nordic American Tankers (0.0)


TX Forecast + Options Trading Strategies   TX  Ternium S.A. - (0.0)



Anticorrelated Assets

Assets that tend to move strongly against SNPS



SQQQ Forecast + Options Trading Strategies   SQQQ  ProShares UltraPro Short QQQ (-0.9)


UVXY Forecast + Options Trading Strategies   UVXY  ProShares Ultra VIX Short-Term Futures (-0.9)


VIXY Forecast + Options Trading Strategies   VIXY  ProShares VIX Short-Term Futures (-0.9)


VXX Forecast + Options Trading Strategies   VXX  iPath Series B S&P 500 VIX Short-Term Futures (-0.9)


TECS Forecast + Options Trading Strategies   TECS  Direxion Daily Technology Bear 3X Shares (-0.91)





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