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 $305 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
Bet on big move in either direction. Two premiums paid.
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
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 Straddle
Now
Target
๐ก Stock vs Options at Target
If CDNS hits $305 by Jun 19: the long straddle returns $-610 (-13.2%) on $4,610 risked, vs +$3,934 (14.8%) for 100 shares on $26,566. Options give 0.9ร capital efficiency.
๐ Expiry
Options expire Jun 19, 2026 (67 days out). P&L shown is the value at expiry if CDNS is at $305. Use the 30d / 60d / 90d / 180d pills to compare different expiries.
๐ Projected Return
P&L if CDNS hits $305 by Jun 19
$-610
-13.2% on $4,610 risked
Max Profit
Unlimited
Unlimited on a big move
Max Loss
โ$4,610
Both premiums paid
Break-even
$311.10
+17.1% from spot
Prob. of Target Hit
44%
IV-implied, 67d (rough)
Net ฮ / ฮ / V
12.96 / -32.87 / 89.23
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%) | +$1,018 | +$775 | +$613 | +$637 |
| $226 (-15%) | +$211 | -$191 | -$570 | -$691 |
| $239 (-10%) | -$341 | -$894 | -$1,527 | -$2,019 |
| $252 (-5%) | -$611 | -$1,277 | -$2,118 | -$3,348 |
| $260 (-2%) | -$634 | -$1,339 | -$2,254 | -$4,145 |
| $266 (0%) โ spot | -$592 | -$1,312 | -$2,248 | -$4,544 |
| $271 (+2%) | -$506 | -$1,230 | -$2,167 | -$4,013 |
| $279 (+5%) | -$299 | -$1,013 | -$1,913 | -$3,216 |
| $292 (+10%) | +$237 | -$422 | -$1,191 | -$1,887 |
| $305 (+15%) โ target | +$946 | +$368 | -$237 | -$610 |
| $319 (+20%) | +$1,881 | +$1,403 | +$968 | +$769 |
Uses CDNS's current IV for repricing. P&L includes all legs (stock + options). Qty: 1x.