Synopsys Stock Pops on Nvidia Partnership

Core Insights - Synopsys Inc (NASDAQ:SNPS) stock has increased by 4.6%, trading at $437.27, following Nvidia's $2 billion investment as part of a new partnership to develop AI-powered tools [1] - The partnership will see Synopsys integrate Nvidia's developer instruments and code libraries into its applications [1] Stock Performance - SNPS is currently far from its record high of $651.73 reached on July 30, and has struggled to recover from a significant drop post-earnings in September [2] - The stock is on track for its third consecutive daily gain, but the 60-day moving average is limiting further increases [2] - Year-to-date, the stock has declined by 9.4% [2] Options Activity - Options traders are optimistic about a rebound, with a 50-day call/put volume ratio of 2.35, which is higher than 82% of readings from the past year [3] - The stock's Schaeffer's Volatility Scorecard (SVS) is 95 out of 100, indicating that SNPS tends to exceed options traders' volatility expectations, which is favorable for options buyers [3]