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Rob Isbitts

How to Buy the Dip in Synopsys Stock with a 2:1 Reward/Risk Ratio

It is not often that a pair of $100 billion-plus stocks have a 70% difference in daily price. Actually, I’m not sure it has ever happened before Wednesday. While Oracle (ORCL) gained 36%, the lesser-known but still quite prominent electric design automation firm Synopsys (SNPS) blew both its earnings and forward guidance. SNPS shares closed down 36%.

SNPS was the 150th-largest S&P 500 Index ($SPX) stock before Wednesday’s sudden financial tragedy. But that’s potentially what great collar trades are made of. So I took a look.

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