Target Price Playground
CDNS
$265.66
๐ข
CDNS IV: 42.7% โ LOW
(-43.5% vs 30d avg of 75.6%)
Options are cheap vs 30d avg โ good time to BUY options (long calls/puts, debit spreads).
Forward Projection
If price hits $235 by Jun 19
Historical Backtest
Coming soon
Signal Backtest
Coming soon
๐ Strategy
Long Stock
Long Call
Long Put
Bull Call Spread
Bear Put Spread
Covered Call
Protective Put
Cash-Secured Put
Diagonal Put Spread
Long Straddle
Moderately bearish. Debit, capped max profit + loss.
๐ฏ Target
67d from today
โ๏ธ Legs
LONG PUT ยท $265 ยท Jun '26
Qty 1 ยท Premium $20.2 ยท ฮ -0.44
SHORT PUT ยท $245 ยท Jun '26
Qty 1 ยท Premium $11.02 ยท ฮ -0.3
P&L at Expiry
Stock (100 sh)
Bear Put Spread
Now
Target
๐ก Stock vs Options at Target
If CDNS hits $235 by Jun 19: the bear put spread returns +$1,082 (117.9%) on $918 risked, vs $-3,066 (-11.5%) for 100 shares on $26,566. Options give 10.3ร capital efficiency.
๐ Expiry
Options expire Jun 19, 2026 (67 days out). P&L shown is the value at expiry if CDNS is at $235. Use the 30d / 60d / 90d / 180d pills to compare different expiries.
๐ Projected Return
P&L if CDNS hits $235 by Jun 19
+$1,082
+117.9% on $918 risked
Max Profit
+$1,082
If the stock โค $245 at expiry
Max Loss
โ$918
Net debit
Break-even
$255.82
-3.7% from spot
Prob. of Target Hit
54%
IV-implied, 67d (rough)
Net ฮ / ฮ / V
-13.85 / -1.29 / 7.25
per spread, per $1 move / day / vol pt
๐ Notes for each mode (not shown on real page)
Forward Projection
Reprices legs at (target_price, target_date) via Black-Scholes. Works on existing BS service. Simplest mode โ ship first.
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.
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.
"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.
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
| CDNS Price | Today | May 5 | May 27 | Jun 19 (exp) |
|---|---|---|---|---|
| $213 (-20%) | +$751 | +$840 | +$973 | +$1,082 |
| $226 (-15%) | +$575 | +$656 | +$803 | +$1,082 |
| $235 (-12%) โ target | +$437 | +$497 | +$621 | +$1,082 |
| $239 (-10%) | +$372 | +$421 | +$525 | +$1,082 |
| $252 (-5%) | +$156 | +$160 | +$173 | +$344 |
| $260 (-2%) | +$28 | +$4 | -$43 | -$453 |
| $266 (0%) โ spot | -$55 | -$96 | -$180 | -$918 |
| $271 (+2%) | -$134 | -$191 | -$306 | -$918 |
| $279 (+5%) | -$247 | -$324 | -$472 | -$918 |
| $292 (+10%) | -$413 | -$510 | -$676 | -$918 |
| $306 (+15%) | -$548 | -$650 | -$799 | -$918 |
| $319 (+20%) | -$655 | -$750 | -$865 | -$918 |
Uses CDNS's current IV for repricing. P&L includes all legs (stock + options). Qty: 1x.