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 $290 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
Own stock + buy put as insurance against downside.
๐ฏ Target
67d from today
โ๏ธ Legs
LONG 100 SHARES
@ $265.66 ยท ฮ 1.00
LONG PUT ยท $250 ยท Jun '26
Qty 1 ยท Premium $10.5 ยท ฮ -0.33
P&L at Expiry
Stock (100 sh)
Protective Put
Now
Target
๐ก Stock vs Options at Target
If CDNS hits $290 by Jun 19: the protective put returns +$1,384 (5.0%) on $27,616 risked, vs +$2,434 (9.2%) for 100 shares on $26,566. Options give 0.5ร capital efficiency.
๐ Expiry
Options expire Jun 19, 2026 (67 days out). P&L shown is the value at expiry if CDNS is at $290. Use the 30d / 60d / 90d / 180d pills to compare different expiries.
๐ Projected Return
P&L if CDNS hits $290 by Jun 19
+$1,384
+5.0% on $27,616 risked
Max Profit
Unlimited
Unlimited upside (minus put cost)
Max Loss
โ$2,616
Put floors you at $250
Break-even
$276.16
+3.95% from spot
Prob. of Target Hit
63%
IV-implied, 67d (rough)
Net ฮ / ฮ / V
66.91 / -14.83 / 42.98
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%) | -$2,305 | -$2,458 | -$2,598 | -$2,616 |
| $226 (-15%) | -$1,919 | -$2,147 | -$2,414 | -$2,616 |
| $239 (-10%) | -$1,382 | -$1,666 | -$2,035 | -$2,616 |
| $252 (-5%) | -$693 | -$1,000 | -$1,409 | -$2,378 |
| $260 (-2%) | -$209 | -$515 | -$915 | -$1,581 |
| $266 (0%) โ spot | +$140 | -$160 | -$541 | -$1,050 |
| $271 (+2%) | +$509 | +$219 | -$137 | -$519 |
| $279 (+5%) | +$1,097 | +$829 | +$520 | +$278 |
| $290 (+9%) โ target | +$1,973 | +$1,742 | +$1,505 | +$1,384 |
| $306 (+15%) | +$3,297 | +$3,123 | +$2,977 | +$2,935 |
| $319 (+20%) | +$4,497 | +$4,367 | +$4,278 | +$4,263 |
Uses CDNS's current IV for repricing. P&L includes all legs (stock + options). Qty: 1x.