Autodesk Stock At Recent Lows Spurs Unusual Put Options Activity - Is ADSK Too Cheap?

Autodesk Inc. (ADSK) stock has tanked recently, spurring unusually large put option activity today in this software company stock. But is ADSK too cheap? After all, its free cash flow and FCF margins are very high. In fact, ADSK could be worth 22% more at $242 per share.

ADSK is at $198.78 in midday trading today, bouncing up from a 1-year trough of $198.30 on June 12. That could be why some investors are selling short huge amounts of out-of-the-money puts today.