Mar. 26 at 5:27 AM
$CDNS massive put flow. Earnings April 27.
+10,000 CDNS 100 18 JUN 2026 265.00 PUT @ 16.10, for
$16,100,000 total deltas.
$16,100,000 ×
$286.48 =
$4,612,328,000 in dollar exposure. 10,000 contracts is an enormous print for CDNS. The 265 strike is 7% below current price — someone is making a significant directional bet on Cadence lower ahead of April earnings.
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