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
Bearish. Max profit if underlying crashes, capped 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
P&L at Expiry
Stock (100 sh)
Long Put
Now
Target
๐ก Stock vs Options at Target
If CDNS hits $235 by Jun 19: the long put returns +$980 (48.5%) on $2,020 risked, vs $-3,066 (-11.5%) for 100 shares on $26,566. Options give 4.2ร 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
+$980
+48.5% on $2,020 risked
Max Profit
+$24,480
If stock โ $0
Max Loss
โ$2,020
Premium paid
Break-even
$244.80
-7.85% from spot
Prob. of Target Hit
54%
IV-implied, 67d (rough)
Net ฮ / ฮ / V
-43.65 / -15.77 / 44.62
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%) | +$3,308 | +$3,223 | +$3,178 | +$3,227 |
| $226 (-15%) | +$2,241 | +$2,076 | +$1,922 | +$1,899 |
| $235 (-12%) โ target | +$1,576 | +$1,357 | +$1,115 | +$980 |
| $239 (-10%) | +$1,301 | +$1,060 | +$780 | +$571 |
| $252 (-5%) | +$501 | +$204 | -$180 | -$758 |
| $260 (-2%) | +$92 | -$225 | -$647 | -$1,555 |
| $266 (0%) โ spot | -$153 | -$477 | -$910 | -$2,020 |
| $271 (+2%) | -$376 | -$702 | -$1,135 | -$2,020 |
| $279 (+5%) | -$670 | -$992 | -$1,406 | -$2,020 |
| $292 (+10%) | -$1,067 | -$1,361 | -$1,709 | -$2,020 |
| $306 (+15%) | -$1,361 | -$1,612 | -$1,876 | -$2,020 |
| $319 (+20%) | -$1,573 | -$1,776 | -$1,958 | -$2,020 |
Uses CDNS's current IV for repricing. P&L includes all legs (stock + options). Qty: 1x.