Information Technology

Cadence Design Systems Inc (CDNS) options and signal

Figures as of 28 Sep 2026

CDNS is Cadence Design Systems Inc, an Information Technology name the model ranks every trading day. The options figures are from the close on 28 Sep 2026. The model's figures are from 25 Sep 2026, one trading day behind the latest, as the Free plan shows them. Every model figure is paper trading.

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At a glance

Figure	Value	Date
IV rank	91 of 100	28 Sep
At the money IV	53.0%	28 Sep
Priced move to 30 Oct	15.1% down, 15.7% up	28 Sep
Call wall and put wall	Both 350	28 Sep
Signal and the desk's view	No signal, view neutral	25 Sep
Last close	326.70	28 Sep
Next report	26 Oct 2026	28 Sep

Options Snapshot

CDNS's IV rank is 91 of 100 on 28 Sep 2026.

Figure	Value
IV rank	91 of 100
At the money IV	53.0%, near month, 32 days
Put/call ratio, open interest	0.93
Call open interest, strikes captured near the price	19,800 contracts
Put open interest, strikes captured near the price	18,500 contracts
Cost to trade at the money	Fair, 21.7% of the option's mid price

IV rank is where the at the money IV sits among CDNS's own weekly readings, 0 the lowest and 100 the highest.

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Options Snapshot in RingMaster The Options Snapshot guide

Priced Range

On 28 Sep 2026, CDNS options priced a move of 15.1 percent down and 15.7 percent up by 30 Oct 2026.

Expiry	Days	Down	Up	Range
2 Oct 2026	4	6.4%	4.7%	305.70 to 341.90
9 Oct 2026	11	8.5%	8.9%	299.00 to 355.80
23 Oct 2026	25	11.6%	11.7%	288.80 to 365.00
30 Oct 2026	32	15.1%	15.7%	277.40 to 377.90
20 Nov 2026	53	18.1%	18.8%	267.70 to 388.20
18 Dec 2026	81	21.5%	22.9%	256.60 to 401.50
19 Feb 2027	144	28.1%	31.2%	235.00 to 428.70

The range is one standard deviation either side of the close of 326.70, as the option prices imply it.

A priced move restates option prices at the close and says nothing certain about where the price goes.

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Priced Range in RingMaster The Priced Range guide

Gamma Map

On 28 Sep 2026, CDNS's call wall and put wall are both at the 350 strike.

Figure	Value
Call wall, most open call gamma	350
Put wall, most open put gamma	350
Net dollar gamma, calls minus puts	$2.52 million
Total dollar gamma, both sides	$19.83 million
Close	326.70

Dollar gamma is stated for a one percent move in the price.

Net is calls minus puts under the standard convention, not a record of who holds the contracts.

Net gamma changes sign at 7 strikes, so no single flip strike is named.

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Gamma Map in RingMaster The Gamma Map guide

Volatility History

On 28 Sep 2026, CDNS's at the money IV is 53.0 percent against 20 day realized volatility of 46.5 percent.

Figure	Value
At the money IV	53.0%
Realized volatility, 20 trading days	46.5%
Realized volatility, 60 trading days	41.9%
IV against its own weekly record	High, in the top fifth
Weekly readings on record	844, from 8 Jan 2010
Weeks the price moved more than the one week priced move	32.9% of 252 weeks

Realized volatility is worked out from the daily closes the desk holds, not from the option chain.

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Volatility History in RingMaster The Volatility History guide

Volatility Weather

On 28 Sep 2026, CDNS's at the money IV runs from 51.2 percent at 4 days to 47.1 percent at 144 days.

Days to expiry	At the money IV
4	51.2%
11	47.1%
18	45.9%
25	45.0%
39	53.1%
53	48.1%
81	49.5%
144	47.1%

Near expiries price more volatility than far ones, an inverted term structure.

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Volatility Weather in RingMaster The Volatility Weather guide

Volatility Smile

On 28 Sep 2026, at the 32 day expiry, CDNS's IV ten percent below the price sits 0.5 points below at the money IV.

Strike area	Implied volatility	Against at the money
10% below the price	52.5%	-0.5 points
At the money	53.0%	0.0 points
10% above the price	52.8%	-0.2 points

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Volatility Smile in RingMaster The Volatility Smile guide

Volatility Surface

On 28 Sep 2026, CDNS's surface spans 10 expiries out to 144 days, with IV from 43.5 to 58.3 percent near the price.

Figure	Value
Expiries captured	10
Nearest expiry	2 Oct 2026, 4 days
Farthest expiry	19 Feb 2027, 144 days
Points within 10% of the price, 7 days out or more	114
Lowest IV among them	43.5%
Highest IV among them	58.3%

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Volatility Surface in RingMaster The Volatility Surface guide

Expiry Ladder

On 28 Sep 2026, CDNS has 10 captured expiries, from 2 Oct 2026 to 19 Feb 2027.

Expiry	Days	At the money IV	Call open interest	Put open interest
2 Oct 2026	4	51.2%	706	759
9 Oct 2026	11	47.1%	563	318
16 Oct 2026	18	45.9%	2,748	2,586
23 Oct 2026	25	45.0%	444	621
30 Oct 2026	32	53.0%	507	92
6 Nov 2026	39	53.1%	6	12
20 Nov 2026	53	48.1%	2,588	3,046
18 Dec 2026	81	49.5%	1,923	2,246
15 Jan 2027	109	46.2%	9,703	8,102
19 Feb 2027	144	47.1%	633	739

Open interest is summed over the strikes captured near the price on each expiry.

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Expiry Ladder in RingMaster The Expiry Ladder guide

Strike Table

On 28 Sep 2026, CDNS's largest open interest sits at the 350 strike, with 4,519 contracts across the captured expiries.

Strike	Call open interest	Put open interest	Total
350	2,577	1,942	4,519
270	208	2,938	3,146
300	780	1,324	2,104
380	1,878	44	1,922
370	1,778	105	1,883
340	1,588	285	1,873

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Strike Table in RingMaster The Strike Table guide

Since Yesterday

From 25 Sep 2026 to 28 Sep 2026, CDNS's at the money IV moved from 43.6 percent to 53.0 percent.

Figure	25 Sep	28 Sep	Change
At the money IV	43.6%	53.0%	+9.4 points
Open interest, strikes captured near the price	39,980	38,342	-1,638
Put/call ratio, open interest	0.89	0.93	+0.05

Open interest changes cannot identify buyers or sellers.

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Since Yesterday in RingMaster The Since Yesterday guide

Changed Hands

On 28 Sep 2026, 6,109 CDNS option contracts traded, 0.9 times its own recent average.

Figure	Value
Calls traded	3,349
Puts traded	2,760
Against its recent average	0.9 times
Busier than	1 of its last 20 trading days
Open interest, whole chain	46,925 contracts
Volume to open interest	0.13
Unusual volume flag	No

Traded volume and open interest are shown side by side and never combined. Open interest changes cannot identify buyers or sellers.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Positioning Replay

The replay holds 33 trading days of CDNS's option positioning, from 11 Aug 2026 to 28 Sep 2026.

Date	Close	Net dollar gamma	Top call strike	Top put strike
11 Aug 2026	327.53	minus $39.12 million	320	320
21 Sep 2026	294.90	minus $4.33 million	350	270
28 Sep 2026	326.70	$2.52 million	350	350

Each frame restates one nightly capture. Net is calls minus puts, a convention, not who holds the contracts.

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Positioning Replay in RingMaster The Positioning Replay guide

Read-out

On 25 Sep 2026 the desk's view of CDNS was neutral, paper trading.

Figure	Value
Side	Neutral at 45 trading days, no signal
Level above the close	347.72, the swing high of 27 Aug 2026
Level below the close	293.40, the swing low of 11 Sep 2026
Strategy family	Iron condor (sell both sides, defined risk)
Price target	None. The desk has no price model.

The levels are prices the shares turned at on the chart, with the date of each.

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

Open Read-out in RingMaster The Read-out guide

Rank by Timeframe

On 25 Sep 2026 CDNS sat at the 24th percentile of the model's 45 trading day ranking, paper trading.

Timeframe	Percentile	Side
10 trading days	18 of 100	Bearish
20 trading days	4 of 100	Bearish
45 trading days	24 of 100	Neutral

100 is the top of the ranking. A name in the middle three fifths is neutral.

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

Open Rank by Timeframe in RingMaster The Rank by Timeframe guide

Timeframe Agreement

On 25 Sep 2026 CDNS's near timeframes were bearish and its long timeframe was neutral, paper trading.

Group	Timeframes	Side	On that side
Near	10 day, 20 day	Bearish	2 of 2
Long	45 day	Neutral	0 of 1

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

Open Timeframe Agreement in RingMaster The Timeframe Agreement guide

Signal History

On 25 Sep 2026 CDNS had carried no signal for at least 18 trading days, paper trading.

Trading day	Signal	45 day percentile
25 Sep 2026	None	24 of 100
24 Sep 2026	None	29 of 100
23 Sep 2026	None	13 of 100
22 Sep 2026	None	16 of 100
21 Sep 2026	None	75 of 100
18 Sep 2026	None	80 of 100
17 Sep 2026	None	73 of 100
16 Sep 2026	None	26 of 100

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

Open Signal History in RingMaster The Signal History guide

Sector Split

On 25 Sep 2026, 80 of 187 Information Technology names were bullish and 61 were bearish, paper trading.

Sector	Names	Bullish	Bearish	Neutral
Information Technology	187	80	61	46

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

Open Sector Split in RingMaster The Sector Split guide

Price Chart

CDNS closed at 326.70 on 28 Sep 2026.

Figure	Value
Last close	326.70
Change over 5 trading days	+10.8%
Change over 21 trading days	-6.0%
Change over 63 trading days	-12.3%
Change over 252 trading days	-6.9%
52 week high	416.69
52 week low	262.75
20 day moving average	298.87
50 day moving average	318.31
200 day moving average	325.49
RSI, 14 days	62

Worked out from the desk's own daily bars, adjusted for share splits.

From the daily bars through 28 Sep 2026. Current on every plan.

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Earnings Radar

CDNS reports next on 26 Oct 2026, a date worked out from past quarters.

Figure	Value
Next report	26 Oct 2026, after the close
Date	Worked out from past quarters
Move after the report of 27 Jul 2026	+1.8%
Move after the report of 27 Apr 2026	-3.3%
Move after the report of 17 Feb 2026	+7.6%
Move after the report of 27 Oct 2025	-2.9%

Earnings calendar as of 28 Sep 2026. Current on every plan.

Open Earnings Radar in RingMaster The Earnings Radar guide

Short Volume

On 25 Sep 2026, 67.5 percent of CDNS's reported volume at the covered venues was marked short.

Figure	Value
Short sale share, 25 Sep	67.5%
Five day average	57.5%
52 week median	48.1%
Short interest, share of shares outstanding	1.6% at the 15 Sep 2026 settlement
Days to cover	1.6

Short sale volume counts trades marked short at the covered venues, mostly off exchange. It is not the same as short interest.

Short volume as of 25 Sep 2026. Current on every plan.

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Seasonality

In the 36 Septembers on record, CDNS's average change was minus 0.3 percent, and it rose in 50.0 percent of them.

Month	Average change	Middle change	Share of years up	Years
September	-0.3%	+0.1%	50.0%	36
October	+2.7%	+1.6%	55.6%	36
November	+5.4%	+3.0%	72.2%	36

Each figure is a month end to month end change in past years. A past month says nothing certain about the next one.

Monthly history through 28 Sep 2026. Current on every plan.

Open Seasonality in RingMaster The Seasonality guide

Headlines

The desk's news feeds carried 4 headlines naming CDNS in the 3 days to 28 Sep 2026.

Figure	Value
Headlines in the window	4
Latest	28 Sep 2026

The titles are in the Headlines window, with the time each was published.

Headlines as of 28 Sep 2026. Current on every plan.

Open Headlines in RingMaster The Headlines guide

Questions

What is CDNS's IV rank?: CDNS's IV rank is 91 of 100 on 28 Sep 2026.
What move are CDNS options pricing?: On 28 Sep 2026, CDNS options priced a move of 15.1 percent down and 15.7 percent up by 30 Oct 2026.
Where are CDNS's call wall and put wall?: On 28 Sep 2026, CDNS's call wall and put wall are both at the 350 strike.
What was the desk's latest view of CDNS on the Free plan?: On 25 Sep 2026 the desk's view of CDNS was neutral, paper trading.
When does CDNS report earnings next?: CDNS reports next on 26 Oct 2026, a date worked out from past quarters.

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