Quantchabot has detected a new Bull Call Spread trade opportunity for CADENCE DESIGN SYSTEMS (CDNS) for the 17-Jul-2026 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
CDNS was recently trading at $405.70 and has an implied volatility of 48.98% for this period. Based on an analysis of the options available for CDNS expiring on 17-Jul-2026, there is a 34.18% likelihood that the underlying will close within the analyzed range of $407.67-$485.67 at expiration. In this scenario, the average linear return for the trade would be 10.87%.
Big 8.21% Change: After closing the last trading session at $374.93, CADENCE DESIGN SYSTEMS opened today at $393.00 and has reached a high of $406.12.
Trade approach: A movement as big as 8.21% is a significantly bullish indicator, so this trade is designed to be profitable if CDNS maintains its current direction and does not revert back to pricing on the bearish side of $405.70 on 17-Jul-2026. If possible, the trade has been padded such that slight movement against the trade would still return a profit.
Upside potential: Using this bullish strategy, the trade would be profitable if CADENCE DESIGN SYSTEMS closes at or above $380.00 on 17-Jul-2026. Based on our risk-neutral analysis, there is a 65.62% 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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