Synopsys Inc. (NASDAQ:SNPS)
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- joelsg1: $SNPS Off the mat 90 minutes in.
- joelsg1: $SNPS Through that $600 lid and accelerating.
- joelsg1: $CDNS Following $SNPS and holding morning gap, opened April $325-345 call spreads.
- joelsg1: $SNPS $CDNS Both ATHs. $CELH HOD
- joelsg1: @Angdionk $ANSS Pending acquisition by $SNPS, but that's old news.
- joelsg1: $SNPS Breaking out here. Long.
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DAN: ...
I will be on Fox Business today and it's likely that $NVDA will come up. However, my suspicion is that, unless I am in the A block (top of the show), Charles will have worn this out by the time I'm on. There are other stocks in the semiconductor a ... - traderbren: $SNPS - not holding the gap. Got short via puts this morning. Holding Mar 590 puts
- joelsg1: $SNPS E tonight, implied move around $14. Long from way below and holding through. New CEO's first solo call.
- RD: @joelsg1 $SNPS Planning to hold a small position over earnings. selling some before the close. New CEO's and CFO's usually under-promise on guidance on their first earnings call to be able to over-deliver on the next. I hope I'm wrong. Goodluck!
- joelsg1: @RD $SNPS Right, although this guy has been there for decades and part of last few calls, plus they have an acquisition to discuss, but a few "AI" mentions and... Best!
- RD: @joelsg1 $SNPS I just hope guidance will be good especially with new acquisition. Goodluck to all of us holding shares over earnings!
- RD: @RD $SNPS I see SNPS earnings on 2/21/24, same as NVDA.
- joelsg1: @RD $SNPS So much for Schwab
- joelsg1: $CDNS E tonight, implied move around $21, I'm in $SNPS which should move in sympathy but with an acquisition pending..
- joelsg1: $SNPS Added $580-600 call spreads into E next week. Now over prior high I mentioned.
- RD: $SNPS inching closer to 52 wk hi of 573.77
- RD: @RD $SNPS came up short by 0.24 and now has pulled back
- joelsg1: @Vineet $ARM $NVDA Read it somewhere, verified and posted. I think the lockup expires 3/12, but this thing will be manipulated to the extreme IMHO, so no edge. I'm in $SNPS.
- psr: @DAN $SNPS is it good entry at 550
- scottrades: @psr $SNPS Not Dan, but you could try some with a stop under yesterdays low.
- DAN: @scottrades $SNPS totally agree.
- psr: @scottrades $SNPS thank you
- RD: $SNPS @HOD above yesterday's high
- joelsg1: $SNPS Closed posted Feb. call spreads for 20% profit.
- joelsg1: $SNPS Added.
- joelsg1: $SNPS Last week's $500 add on $ANSS deal drop looking good, back above 50d though expect a few attempts to close above.
- joelsg1: $SNPS Fell 10% when Reuters leaked proposed acquisition of $ANSS for reported $35B or around $400 per ANSS share. Deal terms confirmed today at around $368, so $SNPS rebound and I added to long shares at around $500.
- joelsg1: $SNPS Getting crushed today on news it offered to acquire $ANSS, a simulation software maker worth at least $30B. Stay tuned.
- joelsg1: $SNPS Added.
- joelsg1: $SNPS Sold tomorrow's $540 calls for 2.5 bagger on spread, leaving short $580s alone but covered by stock.
- Motorman: @joelsg1 $SNPS Is is down due to $ADBE. PT raised to $630 at $WFC
- joelsg1: @Motorman $SNPS $ADBE $WFC Yes, and due after $100 in 6 weeks. I was Definitely slow today, too many other distractions.
- joelsg1: $SNPS Trimmed this and other big winners, IMO no good reaction to almost anything Fed says and plots today.
- joelsg1: $SNPS Another horse, 50d was reliable support, now it's the 8d/20d. Long.
- joelsg1: $SNPS Rolled Friday itm call spreads up/out to 1/19s.
- joelsg1: $SNPS Bounce trade off $530 post-E working.
- joelsg1: @Margi1983 $SNPS $NVDA $LRCX E were stellar and the new CEO wants to start strong with current Q. Sell the news drop to 8d is a gift add level if it holds, but 3 Day Rule in effect.
- joelsg1: $SNPS Hit today after stellar E down to 8d and now slightly below. Could be gift add point, but 3 Day Rule in effect.
- joelsg1: $SNPS Things move fast in this market, 3 Day Rule becomes 3 Hours. Added.
- shoredriver: $SNPS...$SNOW....report tonight.....
- joelsg1: $SNPS Blowout E all metrics, including guide with almost 1 full month in for fiscal '24, and a new but co. veteran CEO next year. Held through. Implied move $27, so less than half up move ah, but stay tuned.
- Margi1983: @joelsg1 $SNPS What an impressive chart. Up 5X from it's Covid low in 2020. More consistent/less volatile chart than $NVDA and $LRCX. But at what price does one get in?
- joelsg1: @Margi1983 $SNPS $NVDA $LRCX $80 straight up w/o pb, so it's easy to say wait for pb that may never come. But, at the top of extended range. 8d is guide at this point.
- joelsg1: $SNPS. Added, E Wed., implied move around $27, big cushion, but up 30% since last E.
- joelsg1: $SNPS Just keeps levitating to ATH, $CDNS too, $ARM not. Long $SNPS, sold a few upside covered calls for high premium.
- joelsg1: $SNPS BO to ATH on typical low volume. Long from way below.
- joelsg1: $SNPS Off the 50d into E 11/29. MACD and OBV turning. LT Long.
- joelsg1: $SNPS Blue skies, smooth air, ATH-L. $CDNS too. Both better than $ARM.
- joelsg1: $SNPS HOD-L. Blue skies ATH.
- joelsg1: $SNPS Breakout. Hit ATH earlier with slight pb. Long from way below.
- MongosPawn: $SNPS Added small.
- joelsg1: @MongosPawn $SNPS HSBC raises to $551. LT Long.
- scottrades: $SNPS Through the 50 Day.
- MongosPawn: $SPNS Small starter here off the bounce of the 50 dma. Uh, make that $SNPS
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DAN: ...
$SNPS -- Watch this. Not ready here..yet. “C&H”...kinda. Support at $450
- joelsg1: $SNPS Closed most of super risky tomorrow's call spreads for profit up to 50% by leaving short $460 strikes to wither to expiry covered by shares from way below. Blowout Q deserved even better reaction, so intend to exercise remaining $430s. Or not, sold all long strikes.
- joelsg1: $SNPS Laddered down to Friday's $430-460 call spreads. Super risky as is over E tonight, but even more with options expiring Friday. Pretty confident they beat as always, guidance has sunk them before so perhaps they learned.
- joelsg1: $SNPS Beat, met, guide good, old CEO moves to Chairman, new CEO 25-year vet now COO so seamless. I had implied move about $24 so ah up $11 now but well below that. Thin with high institutional ownership so call and tomorrow will tell.
- joelsg1: $SNPS I have been doing pretty well with E call spreads this year so here's another, reports tomorrow after the bell, announced today deal to license its IP to $INTC new foundry, long shares from way below and added small quickie Friday's $440-460 call spreads for my usual less than 1-3 risk/reward cost. I think the turn is in and this pops above 50d on E, but if not risking less than 1.5% of stock price.
- scottrades: $SNPS Low volume but holding the 21 EMA. Earnings August 16
- romanalexk: $SNPS trending higher towards resistance. I will look for consolidation, adding to the existing position, and moving my stop higher.
- romanalexk: $SNPS is working. I like the action over the last few days
- joelsg1: $SNPS Added to Q3 Tactical List at WFC target $505, needs to close above 20d IMO, Long.
- joelsg1: $SNPS Trimmed Long.
- joelsg1: @joelsg1 $SNPS Friday's $380 calls in $11.94 out $65.80, and a few more to either sell or exercise by tomorrow.
- joelsg1: $SNPS Another flag, watching for another 8d hold/bounce to add.
- joelsg1: $NVDA Busy this morning, rolled all now itm covered by shares short calls up/out to otm next year for large credits, $SNPS closed some fully itm June $380-410 call spreads for max triple, rolled some short legs up/out for credits, intend to exercise commensurate long legs. Golden Rule in effect.
- joelsg1: @Docoof $NVDA $MSFT $GOOGL $AMZN $ORCL $META $AAPL $CRM $PLTR $TSLA $AMD $SOUN $NICE $TSLA will get its AI bump eventually, $SNPS got it today, $PANW not so much...yet.
- joelsg1: $SNPS HOD-L. Design picks and shovels.
- Docoof: @joelsg1 $SNPS Another one of your beauties and another NP for me. Nice call.
- joelsg1: @Docoof $SNPS TY, on a roll with these E plays of late.
- joelsg1: $SNPS E Boom, closed Friday call spreads for double profit, another example of making good money holding through an E trade now.
- joelsg1: $SNPS Trimmed June $180-210 call spreads for double plus. Golden Rule in play.
- joelsg1: $SNPS E tonight, expecting usual beat and AI comments, holding above 20w, implied move about $17, have cushion, small add.
- joelsg1: $SNPS Added June $380-410 call spreads at Vwap through E tonight.
- joelsg1: $SNPS Beat and raise E, expects 21-22% eps growth, up 2% so far ah.
- Motorman: @joelsg1 $SNPS Thanks for posting the June option trade!
- joelsg1: @Motorman $SNPS Pretty thin, so too soon to tell.
- Motorman: @joelsg1 $SNPS I did not get a fill, but wanted to thank you for posting it.
- joelsg1: $SNPS ATH-L.
- scottrades: $SNPS Holding up.
- joelsg1: $SNPS Pushing again at ATH-L, $2 away.
- joelsg1: $SNPS Mentions AI in chip design tools, and up. Long.
- scottrades: Some #earnings to be aware of for the week $WMT $TGT $HD $ZIM $LI $NIU $SE $LOW $CSCO $DE $AMAT $KSS $AGFY $YOU $WEBR $ADI $DNUT $BITF $TJX $SQM $BJ $DOYU $CSIQ $IMCC $DNA $BBWI $GP $FL $UPH $PFGC $TPR $TXMD $SNPS $GLBE $KEYS $IMPL $LITE $NNOX $ZIP $MCG $A $POWW $ESLT $EL
- Mikev200: $SNPS still working earnings Wed /17th.
- scottrades: $SPY No FOMO. $QQQ Low Volume pullback $UUP Under the 50 Day $TNX Closed the Gap $SMH Push back at resistance $XLE Don’t call it a comeback $XBI Consolidating around the 200 Day $TAN Still in an uptrend $ARKK Downside Reversal around the 100 EMA $IGV Weak but low volume. #Bitcoin / #Ethereum, A bit extended. Know your time frame. $AAPL Look for a PB $AMZN Right at the 200 Day $TSLA Elon Selling $GOOGL Sold at the close $MSFT Watch for a Pullback buy $ANET Holding up in trend $SNPS Still in trent $RBLX Added to the ATL $NVDA Consolidating $ON Sold Half $AMD Consolidating $JKS Sold some, hold some. $DQ Holding up ok. $ENPH Consolidating along the 8EMA New Ideas: $MUSA Short base. Trades a bit thin. $ASO Above a short base. Good volume $CTAS Consolidating near the highs $COST Basing $PAG Handle
- scottrades: My notes: $SPY/$QQQ Another CPI Report coming tomorrow $UUP / $DXY Tight along the 8/21 EMAs $TNX Watch this to react tomorrow. $TLT Same $ARKK Rest Day $IGV Rest Day $TAN Solar still working $AAPL Good strength today $AMZN Hard to buy here $MSFT Higher Base $ON Sold this. $CDNS Watch 187.50 $BJ Out of this now $DLTR Another Discount Store $DG Still in an uptrend. $LTM Watch 435 $RTX Still watching $SEDG Nice move off the 50/200 Day $CSIQ Earnings coming up $JKS China Solar $DQ Up day $ENPH Leading $BMY Watch for a bit of a base $CNC Moving today $SNPS Near the 52 Week Highs $CEIX Coal stock setting back up $DINO Oil & Gas $FLNG Clear Resistance $AR Mentioned in the forum $CLR Flag
- jpoko13: $SNPS popping/breaking out
- scottrades: $SNPS Working on a 5th green day. I think you gotta think about moving stops if you haven't already. @Mikev200
- Mikev200: $SNPS still going .. Thx @scottrades!
- scottrades: @Mikev200 $SNPS Oh nice! I'm glad you took that one. Great job Mike!
- scottrades: My notes: $SPY Working $QQQ Working $IWM Working $DIA Working $UUP New Low $GLD Trying to rebound. TNX New Low $SMH Working but extended $XHB Working but extended $IGV Watch 296.10 $TAN Power Move $ARKK Bottom of the wedge $URA Holding $GBTC Down on a Tech Up Day. $AMZN Holding the Gap $AAPL Above the 200 Day $TSLA Power Move $GOOGL Working $MSFT Extended $NVDA Flag $AMD Stronger $TXN Through the 200 Day $ON Earnings Monday $MU Low Flag $MRVL MAs curling $PLTR Bought and added today $FNKO Working Warnings Thursday $CPB Soup’s on! $KO MAs are curling up $JKS Sitting on the 8/21 EMA $SNPS Mentioned this week. $DG Holding the 8/21 EMA
- scottrades: $SNPS Right at Resistance.
- jpoko13: $SNPS breaking out about now
- joelsg1: $SNPS BofA downgraded a raft of semi-related stocks but raised this one to $360. Old fave back on my watchlist, np. Needs to rise above $316-317 200d/50w convergence.
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DAN: ...
$SNPS -- Same analysis.
Most of the big semis are in dives.
$NVDA -- Testing $150. Alert - stock falls to $150.
$MU -- Testing $55. Alert -- Stock falls to $54.
$TXN -- Testing $150. Alert - stock falls to $150
$TSM -- Logical support at $80. Al ... - bRobert: @DAN $HHS $CCL $RCL $LIND $SIX $PTON $AMZN $SPY $QQQ $DBC $USO $LLY $HAE $DQ $TAN $OLLI $JKS $SMH $CDNS $SNPS $NVDA $MU $TXN $TSM $STM $INTC $AVGO $LRCX $QCOM $MPWR $SWKS SHORT $SMH group for a while We discussed some VERY low targets many months ago based on the WEEKLY H&S tops galore 200w targets for all eg $NVDA $120 Some with more Classic set ups Been tracking $AVGO game lately The last weekly H&S top left to drop
- CdrJake: $SNPS break above recent highs trend line from 1/18 to 3/22.
- issues: @spmeyers Thanks but I looked over the Long Term Leaders list and found it wanting to say the least. The only informative statement was this, "The candidates for joining the Long Term Leaders are these; $MEDP $BLD $DAVA $PRFT $ZTS $FTNT $SNPS $TMO, since they have been limited to less than a 20% correction." And, "$PAYC could see dismissal from the list." Remember Rip Van Winkel slept for 20 years before waking up. This list could have been made by ol' Rip... these are old. What's new? Oil, gold, and financial and some industrials. But where are they on the list? Not there? Why not? Ask Rip - he works for IBD... ho ho ho.
| Stock Price | $610.18 |
| Change | -1.63% |
| Volume | 1,156,790 |
Synopsys, Inc. is a global company which provides software, intellectual property and services used to accelerate innovation in integrated circuits and electronic systems.
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