CDNS Unusual Options Activity - Cadence Design Systems

AI summary

On August 21, 2026, Cadence Design Systems, Inc. (CDNS) experienced notable options activity with a total of two prints. The most significant transaction involved a put option at the 380 strike, which garnered a premium of $5,208,000 and exhibited a volume to open interest ratio of 4.6. This indicates a relatively high level of trading activity compared to the existing open interest for this option. Additionally, a call option at the 350 strike expiring on September 18, 2026, was also traded, with a premium of $185,832 and a volume to open interest ratio of 4.0. This suggests that the call activity was also notable, albeit significantly smaller in premium compared to the put activity. Over the past 30 days, CDNS has had five active days in the options market, reflecting ongoing interest among traders. The balance between the put and call premiums indicates a pronounced preference for put options on this date.

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