Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Put Spread trade opportunity for CADENCE DESIGN SYSTEMS (CDNS) for the 17-Dec-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. CDNS was recently trading at $178.36 and has an implied volatility of 37.01% for this period. Based on an analysis of the options available for CDNS expiring on 17-Dec-2021, there is a 34.11% likelihood that the underlying will close within the analyzed range of $163.77-$178.36 at expiration. In this scenario, the average linear return for the trade would be 56.57%. Trending on StockTwits: StockTwits® is a financial communications platform for the financial and investing community. On their site, CADENCE DESIGN SYSTEMS was recently trending, indicating that breaking news and/or market activity has significantly impacted sentiment toward the stock. This movement can be interpretted as a sign of more near-term price movement for the underlying. Trade approach: The recent sentiment change in CDNS on StockTwits appears to be significantly negative, indicating that the stock is likely to follow in that direction for investors trading on sentiment. As a result, a bearish strategy could prove effective if the sentiment ultimately turns out to drive trading. Upside potential: Using this bearish strategy, the trade would be profitable if CADENCE DESIGN SYSTEMS closed at or below $178.90 on 17-Dec-2021. Based on our analysis, there is a 51.39% 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.