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November 21, 2009
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Cadence Design Systems (CDNS)
January 09, 2009Dear Fellow Options Traders,
Cadence Design Systems (CDNS) develops electronic design automation software and hardware. Since the start of 2008, the stock has fallen from the teens to about $4 per share. However, all of our fundamental checks indicate the company isn't going away.
Over the past three days, options investors have shown that not only is the company not going away, it looks like it could see significant appreciation in the first half of 2009. We have seen multiple strike prices and expiration months unusually active in the CDNS options.
Based on our checks and the unusual options activity, we recommend buying the CDNS May 5 Calls (CDNEA) for 60 cents or less.
Have a great day trading.
Nick Atkeson and Andrew Houghton
Editors
Options Trader
