Cadence Design Systems Put Write Rides AI Supercycle Momentum
Cadence Design Systems draws investor eyes. Brokers rate CDNS a strong buy. Zacks highlights positive analyst views. Seeking Alpha notes AI-driven EDA demand with record backlog.
Stock trades at 273.05. IV sits at 52.07. Delta measures -0.26. Theta decays at -0.34 per day. Max return hits 2.93%. Win rate stands at 100% over 1 trade.
Earnings arrive April 27, 82 days out. No dividend scheduled.
Here is the put write: SELL -1 CDNS 06 Mar 26 250.0 PUT Contract @7.32 LMT
Stock closes above 250 on March 6 expiration. Keep the 7.32 premium.
Stock closes below 250 on expiration. Keep premium. Gain 100 shares at 250 strike.
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