Synopsys Options Price $240-$665 13-Month Range as Implied Volatility Trails 57% Realized
Updated
Updated · Trefis · Aug 20
Synopsys Options Price $240-$665 13-Month Range as Implied Volatility Trails 57% Realized
1 articles · Updated · Trefis · Aug 20
Summary
$401 Synopsys shares carry an options-implied 13-month band of roughly $240 to $665, a range framed as about a two-in-three outcome after the stock fell 35.8% over the past year.
48.5% at-the-money implied volatility sits below the stock's 57.0% realized volatility and in the 35th percentile of its one-year range, suggesting the wide band reflects time horizon more than a fear premium.
$240 is about $161 below the current price, implying a roughly one-in-six chance of finishing beneath that floor, while the higher upside span is largely a mathematical effect because losses stop at zero.
August 26 fiscal Q3 results and a September investor day fall inside that window, while about $400 million in Ansys-related revenue synergies are not expected until fiscal 2027, which begins in November.
Demand remains uneven as hyperscaler AI spending supports verification and interconnect IP, but industrial and automotive design starts are growing far more slowly, leaving holders to weigh position size against a very wide distribution.