Sell OTM put for premium; get assigned if price drops.
๐ฏ Target
67d from today
โ๏ธ Legs
SHORT PUT ยท $730 ยท Jun '26
Qty 1 ยท Premium $27.85 ยท ฮ -0.29
P&L at Expiry
Stock (100 sh)Cash-Secured PutNowTarget
๐ก Stock vs Options at Target
If CAT hits $830 by Jun 19:
the cash-secured put returns
+$2,785
(4.0%)
on $-2,785 credit (max loss $70,215), vs
+$3,934
(5.0%)
for 100 shares on $79,066.
Options give 0.8ร capital efficiency.
๐ Expiry
Options expire Jun 19, 2026
(67 days out).
P&L shown is the value at expiry if CAT is at $830.
Use the 30d / 60d / 90d / 180d pills to compare different expiries.
Forward Projection
Reprices legs at (target_price, target_date) via Black-Scholes. Works on existing BS service. Simplest mode โ ship first.
Historical Backtest
Uses our historical options chains to replay this exact strategy over past expirations. Needs: date picker, "rolling every N days", cumulative P&L chart.
Signal Backtest
"Run this strategy on every BUY-rated stock with score โฅ 80 for last 90d." Reuses score_backtest pipeline + strategy overlay.
Solve for Return
Inverse: user says "+50% in 90d", system solves for required price move, shows IV-implied probability. Pure math.
๐ P&L Scenarios โ what happens at different prices and dates
CAT Price
Today
May 5
May 27
Jun 19 (exp)
$633
(-20%)
-$7,658
-$7,293
-$6,969
-$6,962
$672
(-15%)
-$4,859
-$4,274
-$3,578
-$3,009
$712
(-10%)
-$2,580
-$1,850
-$883
+$944
$751
(-5%)
-$827
-$63
+$945
+$2,785
$775
(-2%)
-$10
+$725
+$1,651
+$2,785
$791
(0%)โ spot
+$448
+$1,146
+$1,986
+$2,785
$806
(+2%)
+$842
+$1,494
+$2,236
+$2,785
$830
(+5%)โ target
+$1,326
+$1,896
+$2,483
+$2,785
$870
(+10%)
+$1,909
+$2,333
+$2,686
+$2,785
$909
(+15%)
+$2,274
+$2,567
+$2,756
+$2,785
$949
(+20%)
+$2,496
+$2,685
+$2,778
+$2,785
Uses CAT's current IV for repricing. P&L includes all legs (stock + options). Qty: 1x.