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 $300 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 bullish. Debit, capped max profit + loss.
๐ฏ Target
67d from today
โ๏ธ Legs
LONG CALL ยท $265 ยท Jun '26
Qty 1 ยท Premium $25.9 ยท ฮ 0.57
SHORT CALL ยท $285 ยท Jun '26
Qty 1 ยท Premium $14.28 ยท ฮ 0.42
P&L at Expiry
Stock (100 sh)
Bull Call Spread
Now
Target
๐ก Stock vs Options at Target
If CDNS hits $300 by Jun 19: the bull call spread returns +$838 (72.1%) on $1,162 risked, vs +$3,434 (12.9%) for 100 shares on $26,566. Options give 5.6ร capital efficiency.
๐ Expiry
Options expire Jun 19, 2026 (67 days out). P&L shown is the value at expiry if CDNS is at $300. Use the 30d / 60d / 90d / 180d pills to compare different expiries.
๐ Projected Return
P&L if CDNS hits $300 by Jun 19
+$838
+72.1% on $1,162 risked
Max Profit
+$838
If the stock โฅ $285 at expiry
Max Loss
โ$1,162
Net debit
Break-even
$276.62
+4.13% from spot
Prob. of Target Hit
50%
IV-implied, 67d (rough)
Net ฮ / ฮ / V
15.08 / -0.8 / -2.25
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%) | -$1,000 | -$1,069 | -$1,140 | -$1,162 |
| $226 (-15%) | -$883 | -$966 | -$1,084 | -$1,162 |
| $239 (-10%) | -$730 | -$811 | -$955 | -$1,162 |
| $252 (-5%) | -$549 | -$607 | -$730 | -$1,162 |
| $260 (-2%) | -$431 | -$468 | -$553 | -$1,162 |
| $266 (0%) โ spot | -$351 | -$372 | -$424 | -$1,096 |
| $271 (+2%) | -$271 | -$274 | -$290 | -$565 |
| $279 (+5%) | -$151 | -$128 | -$88 | +$232 |
| $292 (+10%) | +$38 | +$101 | +$222 | +$838 |
| $300 (+13%) โ target | +$140 | +$221 | +$373 | +$838 |
| $306 (+15%) | +$208 | +$299 | +$464 | +$838 |
| $319 (+20%) | +$354 | +$459 | +$630 | +$838 |
Uses CDNS's current IV for repricing. P&L includes all legs (stock + options). Qty: 1x.