- An at-the-money SNPS straddle bought at the last close before the Aug 16, 2023 report was worth -50% at 10:00 the next morning (IV crush).
SNPS live implied move & 10Y history → · SNPS stock after earnings → · Who is on the IV Rush Radar this week → · Who moves in sympathy this week → · How the IV rush trade works →
What holding SNPS options through the print actually cost
The clearest way to see IV crush: an at-the-money straddle bought one minute before the last close before Synopsys's report, marked at 10:00 the next morning. Both legs together — so this is the premium lost even after the stock moved:
| Report | ATM straddle, last close → 10am next day |
|---|---|
| Aug 16, 2023 | -50% |
| Feb 15, 2023 | -3% |
| Aug 17, 2022 | -29% |
| Aug 18, 2021 | +97% |
| Feb 19, 2020 | +31% |
Out-of-the-money strangles lost more. Members see every strike and the same figures for the reports the radar tracks.
Frequently asked questions
Should I buy SNPS before earnings?
That is a decision only you can make, and this page does not give advice. What the data says: options price a move of about ±7.6% on average, so a long call or put needs Synopsys to move more than that in the right direction to profit after IV crush.
Does SNPS implied volatility go up before earnings?
Typically yes: implied volatility in the nearest expiration builds as the report approaches because the event's expected move is priced into that expiration, then collapses once results are out.
When does SNPS IV peak before earnings?
At the last close before the report — the final session before the print carries the biggest step for most names, which is why an IV-rush trade is exited before that close and never held through the announcement.
What is SNPS's implied move for the next earnings?
The next Synopsys report is not confirmed yet. Its 10-year average earnings move is about ±7.6%; the live implied move appears on the SNPS implied-move page as soon as the date is set.