SNPS PEAD reversal: T+3 ↑LONG faded — T+5 closes -5.52%
T+3 said ↑LONG at +5.94% CAR; T+5 reverses to -5.52%. The market re-priced the print.
─ Timeline ─ Print 2026-05-20 Synopsys T-1 close 493.87 (baseline) T+3 close 534.56 CAR +5.94% → ↑LONG T+5 close 2026-05-28 480.64 CAR -5.52%
─ Verdict ─ T+5 CAR (-5.52%) lands on the opposite side of the entry band from T+3 (+5.94%). The post-earnings drift faded inside two extra sessions — typical signature of a print that hit consensus algorithms hard then gave back as positioning normalised. Recommend: re-evaluate the position; do not anchor on the T+3 direction.
─ Conviction ─ Original conviction 74/100 invalidated. T+5 closes against the signal — the print did not produce a sustained move.
─ Original T+3 signal ─ See earnings card: /tape/c-earnings-snps-2026-05-20/
─ Closelook frame ─ Indices: Rubin · NDX
→ closelook.net/indices/stock/?t=SNPS