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 $250 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
Buy a longer-dated put, sell a shorter-dated OTM put. Profits from time decay + a moderate drop.
๐ฏ Target
67d from today
โ๏ธ Legs
LONG PUT ยท $265 ยท Jul '26
Qty 1 ยท Premium $18.0 ยท ฮ -0.43
SHORT PUT ยท $250 ยท Jun '26
Qty 1 ยท Premium $10.5 ยท ฮ -0.33
P&L at Expiry
Stock (100 sh)
Diagonal Put Spread
Now
Target
๐ก Stock vs Options at Target
If CDNS hits $250 by Jun 19: the diagonal put spread returns +$1,384 (184.5%) on $750 risked, vs $-1,566 (-5.9%) for 100 shares on $26,566. Options give 31.3ร capital efficiency.
๐ Expiry
Options expire Jun 19, 2026 (67 days out). P&L shown is the value at expiry if CDNS is at $250. Use the 30d / 60d / 90d / 180d pills to compare different expiries.
๐ Projected Return
P&L if CDNS hits $250 by Jun 19
+$1,384
+184.5% on $750 risked
Max Profit
+$1,374
If the stock price is favorable
Max Loss
โ$725
Worst-case within chart range
Break-even
$279.49
+5.21% from spot
Prob. of Target Hit
76%
IV-implied, 67d (rough)
Net ฮ / ฮ / V
-10.0 / 2.75 / 10.27
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%) | +$646 | +$700 | +$749 | +$704 |
| $226 (-15%) | +$593 | +$667 | +$770 | +$804 |
| $239 (-10%) | +$509 | +$589 | +$727 | +$1,026 |
| $250 (-6%) โ target | +$417 | +$490 | +$623 | +$1,340 |
| $260 (-2%) | +$316 | +$372 | +$472 | +$733 |
| $266 (0%) โ spot | +$261 | +$304 | +$380 | +$474 |
| $271 (+2%) | +$203 | +$234 | +$282 | +$248 |
| $279 (+5%) | +$116 | +$126 | +$131 | -$30 |
| $292 (+10%) | -$29 | -$52 | -$111 | -$355 |
| $306 (+15%) | -$164 | -$214 | -$313 | -$547 |
| $319 (+20%) | -$286 | -$352 | -$466 | -$652 |
Uses CDNS's current IV for repricing. P&L includes all legs (stock + options). Qty: 1x.