Sell OTM put for premium; get assigned if price drops.
๐ฏ Target
67d from today
โ๏ธ Legs
SHORT PUT ยท $76 ยท Jun '26
Qty 1 ยท Premium $1.58 ยท ฮ -0.23
P&L at Expiry
Stock (100 sh)Cash-Secured PutNowTarget
๐ก Stock vs Options at Target
If CSCO hits $86 by Jun 19:
the cash-secured put returns
+$158
(2.1%)
on $-158 credit (max loss $7,442), vs
+$378
(4.6%)
for 100 shares on $8,222.
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 CSCO is at $86.
Use the 30d / 60d / 90d / 180d pills to compare different expiries.
Forward Projection
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.
Signal Backtest
"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.
๐ P&L Scenarios โ what happens at different prices and dates
CSCO Price
Today
May 5
May 27
Jun 19 (exp)
$66
(-20%)
-$873
-$857
-$850
-$864
$70
(-15%)
-$558
-$518
-$474
-$453
$74
(-10%)
-$306
-$248
-$172
-$42
$78
(-5%)
-$122
-$61
+$20
+$158
$81
(-2%)
-$42
+$15
+$85
+$158
$82
(0%)โ spot
+$0
+$53
+$113
+$158
$84
(+2%)
+$35
+$82
+$131
+$158
$86
(+5%)โ target
+$70
+$109
+$145
+$158
$90
(+10%)
+$117
+$140
+$156
+$158
$95
(+15%)
+$139
+$152
+$158
+$158
$99
(+20%)
+$150
+$156
+$158
+$158
Uses CSCO's current IV for repricing. P&L includes all legs (stock + options). Qty: 1x.