Cadence Design Systems Inc
Cadence Design Systems Inc (CDNS) Covered Calls
As of October 16, 2026, CDNS has 310 covered call opportunities in the coming three months. Return ranges from 2.0 to 91.1% until expiration. Annualized return ranges from 13.3 to 502.5%. The nearest expiration is October 23, 2026. Maximum potential profit is $29,099.
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Running CDNS covered calls helps you generate consistent income from Cadence Design Systems Inc's shares you already own, turning a long stock position into a yield-producing asset. A covered call on Cadence Design Systems Inc involves holding the underlying stock and selling a call option against it, collecting premium in exchange for capping upside at the strike price. Use our scanner to find the best CDNS covered calls in real time and filter for the strikes, expiries, and premiums that fit your strategy.
A covered call is one of the most widely used options strategies because it pairs limited risk with a clear income profile: if CDNS stays below the strike at expiration, you keep the premium and the shares; if it rises above, you deliver the stock at the strike and still pocket the premium. Selling CDNS covered calls works best when implied volatility is elevated, since richer premiums improve the risk-reward. Key inputs to evaluate include strike selection relative to delta, days to expiration, annualized return, and the probability of assignment — all of which determine whether a given Cadence Design Systems Inc covered call is worth writing.
Cadence Design Systems, Inc. provides software, hardware, services, and reusable integrated circuit (IC) design blocks worldwide. The company offers functional verification services, including emulation and prototyping hardware. Its functional verification offering consists of JasperGold, a formal verification platform; Xcelium, a parallel logic simulation platform; Palladium, an enterprise emulation platform; and Protium, a prototyping platform for chip verification. The company also provides digital IC design and sign off products, including Genus logic synthesis and Joules RTL power solutions, as well as Modus software solution to reduce systems-on-chip design-for-test time; physical implementation tools, such as place and route, optimization, and multiple patterning preparation; and signoff products to signoff the design as ready for silicon manufacturing.
In addition, it offers custom IC design and simulation products to create schematic and physical representations of circuits down to the transistor level for analog, mixed-signal, custom digital, memory, and radio frequency designs; and system design and analysis products to develop printed circuit boards and IC packages, as well as to analyze electromagnetic, electro-thermal, and other multi-physics effects. Further, the company provides intellectual property (IP) products comprising pre-verified and customizable functional blocks to integrate into customer's ICs; and verification IP and memory models to emulate and model the expected behavior and interaction of standard industry system interface protocols. Additionally, it offers services related to methodology, education, and hosted design solutions, as well as technical support and maintenance services. The company serves 5G communications, aerospace and defense, automotive, industrial and healthcare, mobile, consumer, and hyperscale computing markets. Cadence Design Systems, Inc. was incorporated in 1987 and is headquartered in San Jose, California.
Income-focused investors, long-term CDNS holders, and systematic premium sellers all face the same challenge: finding the covered call strike and expiry that balances yield against the risk of being called away. Our scanner ranks covered calls by annualized return, downside protection, and probability of profit, so selling CDNS covered calls becomes a measured decision instead of a guess. Stop eyeballing the chain — let the best Cadence Design Systems Inc covered calls come to you, already filtered for the metrics that matter.
Stock Statistics
- IndustrySoftware - Application
- SectorTechnology
- IV percentile83.33% Elevated
- Market cap (M$)87,991
- 52 weeks high-23.32%
- 52 weeks low21.60%
- Analyst recommendationStrong Buy
1.39 - Target price$411.35
28.74% above the current stock price - Dividend—
- Payout ratio0.00%
- Earnings date2026-10-26
- P/E63.57
- Future P/E33.46
- EPS (ttm)5.03
- EPS growth next 5 years15.42%
As of October 16, 2026
| 2026-10-23 | 7 | 350.00 | 9.54 | 0.30 | 1.15 | 3079.00 | 9.64 | 502.48 | -0.09 | +0.08 | 16 | 0.85 |
| 2026-10-30 | 14 | 372.50 | 16.58 | 0.10 | 3.80 | 5309.00 | 16.62 | 433.20 | -0.03 | +0.11 | 0 | 3.70 |
| 2026-10-23 | 7 | 345.00 | 7.98 | 0.35 | 3.20 | 2584.00 | 8.09 | 421.70 | -0.11 | +0.15 | 11 | 2.85 |
| 2026-10-30 | 14 | 370.00 | 15.80 | 0.20 | 3.30 | 5069.00 | 15.86 | 413.62 | -0.06 | +0.11 | 23 | 3.10 |
| 2026-10-30 | 14 | 367.50 | 15.02 | 0.05 | 3.80 | 4804.00 | 15.04 | 392.00 | -0.02 | +0.12 | 0 | 3.75 |
| 2026-10-30 | 14 | 365.00 | 14.24 | 0.80 | 3.70 | 4629.00 | 14.49 | 377.72 | -0.25 | +0.13 | 27 | 2.90 |
| 2026-10-30 | 14 | 362.50 | 13.45 | 0.95 | 4.70 | 4394.00 | 13.75 | 358.54 | -0.30 | +0.15 | 1 | 3.75 |
| 2026-10-30 | 14 | 360.00 | 12.67 | 1.25 | 3.90 | 4174.00 | 13.06 | 340.59 | -0.39 | +0.15 | 20 | 2.65 |
| 2026-11-06 | 21 | 380.00 | 18.93 | 0.05 | 3.40 | 6054.00 | 18.95 | 329.33 | -0.02 | +0.10 | 7 | 3.35 |
| 2026-10-30 | 14 | 357.50 | 11.89 | 1.55 | 4.70 | 3954.00 | 12.38 | 322.64 | -0.49 | +0.17 | 0 | 3.15 |
As of October 16, 2026
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