Quantchabot has detected a new Bear Call Spread trade opportunity for SYNOPSYS (SNPS) for the 20-Feb-2026 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
SNPS was recently trading at $425.31 and has an implied volatility of 49.96% for this period. Based on an analysis of the options available for SNPS expiring on 20-Feb-2026, there is a 34.28% likelihood that the underlying will close within the analyzed range of $381.65-$426.09 at expiration. In this scenario, the average linear return for the trade would be 39.19%.
Big -7.12% Change: After closing the last trading session at $457.89, SYNOPSYS opened today at $455.69 and has reached a low of $417.55.
Trade approach: A movement as big as -7.12% is a significantly bearish indicator, so this trade is designed to be profitable if SNPS maintains its current direction and does not revert back to pricing on the bullish side of $425.31 on 20-Feb-2026. If possible, the trade has been padded such that slight movement against the trade would still return a profit.
Upside potential: Using this bearish strategy, the trade would be profitable if SYNOPSYS closes at or below $426.10 on 20-Feb-2026. Based on our risk-neutral analysis, there is a 50.02% likelihood of this return.
Downside risk: As with any options trade, there is a substantial downside risk where you may lose most or all of your investment.
To analyze this trade in depth, please visit the Quantcha Options Search Engine.
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