Cadence Put Write: Design Income Before Earnings Drop

CDNS trades at 273.94, down 16% in six months despite AI gains with NVIDIA. Stock fell 2.8% last session to 284.32.

Trade expires near earnings on 2026-04-27, three days after expiry.

Here is the put write: SELL -1 CDNS 24 Apr 26 255.0 PUT Contract @7.74 LMT

Stock closes above 255 on expiration. Keep the 7.74 premium.

Stock closes below 255 on expiration. Keep premium. Gain 100 shares at 255. Cost basis hits 247.26.

Trade stats: Win Rate: 100.0. Number of trades: 1. Stock price: 273.94. IV: 52.55. Delta: -0.28. Theta: -0.38. Max Return Pct: 3.03. Expires near earnings (3d from expiry to earnings).

Read full article for rest of today's put writes.

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