Synopsys Slides to 108th in Trading Activity as Bearish Options Outpace Bulls Amid Mixed Technical Signals

Synopsys (SNPS) closed August 21, 2025, at $612.79, declining 0.49% with a trading volume of $690 million, a 31.33% drop from the previous day's volume. The stock ranked 108th in trading activity for the session.

Options market positioning reveals divergent investor sentiment, with 47% of participants adopting bearish strategies compared to 36% bullish positions. Large investors are targeting a $520-$960 price range within three months, supported by 19 notable options activity instances over the past 30 days. The company's market positioning reflects its role in semiconductor design convergence, as foundries expand technology integration while system companies pursue in-house chip development.

Technical indicators present mixed signals. While 20-day and 50-day EMAs align with the current price, the 10-day EMA suggests short-term selling pressure. The RSI remains neutral at 54.48, contrasting with a -5.05 Price Rate of Change indicator. Fundamental projections anticipate $15.09 per share earnings and $6.77 billion revenue for 2025, but the Zacks Rank currently assigns a "Sell" rating despite outperforming sector indices over the past month.

The strategy of buying the top 500 stocks by daily trading volume and holding them for one day from 2022 to present delivered 1.98% average daily returns. Over 365 days, the cumulative return reached 7.61% with a Sharpe ratio of 0.94, though the approach experienced a maximum drawdown of -29.16% during market corrections.