CDNS CDNS
$352.84 · scored 06:06 · fresh
Decision brief
BULLISH · 64/100
What changed
No prior comparable read.
Evidence is stale — treat this read cautiously.
What would change the view
composite falls below +15 · confidence deteriorates materially from 64/100
For the read
options volume favours calls · open interest agrees with the read
Against / uncertainty
signal stability is low
The read
Strongly bullish, moderately evidenced .
−100 bearish 0 bullish +100
+33.8 composite
Evidence
64 / 100 · top 27% today
848 contracts · quality 77 · stability 0.00
hasn’t paid −0.09% · n=87,750
What traded today · weight 62%
+30.1 pts
630 calls · 74.3% 218 puts
bias +48.6 × 0.62
What’s on the books · weight 38%
+3.6 pts
30,276 call OI · 54.8% 25,004 put OI
bias +9.5 × 0.38
Equals
+33.8
89% of the score comes from today’s volume, 11% from open interest. Disagree with either?
See the method.
— price ◆ big one-day moves
NO HISTORY YET
We started scoring CDNS today. There’s one reading so far. The 14-day chart fills in as the hourly tape arrives. Nothing here is back-filled or guessed.
03
Should you trust it? note Some evidence, not a lot confidence 64 (74th pct) · quality 77 · 848 contracts
note Jumpy 0.00 vs 7-day rolling · choppiness 0
against This kind of read hasn’t paid strongly bullish · call-heavy · low liquidity → −0.09% avg, n=87,750
note Too few of our calls checked 0 closed calls on CDNS
04
Where the positions sit calls traded strike puts traded
Spot $352.84 highlighted. The $350 strike holds the most open interest (the “wall”, 5,251). Near-dated expiry in the mix, so OI is noisier.
05 Our record on CDNS Proof We haven’t checked a call on CDNS yet. Each read is checked 4 hours, 1 day and 3 days after it’s made.
06
Catalysts & context EPS surprise · last 4 quarters
No reported quarters stored yet.
Street — Next report —
P/E — Beta —
52w — IV rank —
CDNS
Strongly bullish, moderately evidenced .
−100 bearish 0 bullish +100
+33.8 evidence
hasn’t paid −0.09% · n=87,750
Why it’s +34
+30.1 volume · 74% calls+3.6 OI · 55% calls
1 days · tape bars, price line
Not enough tape history to draw this yet.
Should you trust it?
note Some evidence, not a lot confidence 64 (74th pct) · quality 77 · 848 contracts
note Jumpy 0.00 vs 7-day rolling · choppiness 0
against This kind of read hasn’t paid strongly bullish · call-heavy · low liquidity → −0.09% avg, n=87,750
note Too few of our calls checked 0 closed calls on CDNS
What traded today · 62%
+30.1 pts
630 calls · 218 puts · bias +48.6
What’s on the books · 38%
+3.6 pts
30,276 call OI · 25,004 put OI · bias +9.5
— price ◆ big one-day moves
Not enough tape history to draw this yet.
The read flips to bearish composite · crosses 0
Evidence drops below 60 conf · below
Price reaches the $350 wall price · below
3 days before earnings not yet · earnings
Score moves ≥10 in a day not yet · delta
Ask about CDNS
Not enough tape history on CDNS for a weekly brief yet. Ask anything below.
Why is our CDNS record what it is? What’s the $350 wall?