Target Price Playground
CTSH
$57.92
๐ข
CTSH IV: 36.6% โ LOW
(-39.6% vs 30d avg of 60.7%)
Options are cheap vs 30d avg โ good time to BUY options (long calls/puts, debit spreads).
Forward Projection
If price hits $51 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
Moderately bearish. Debit, capped max profit + loss.
๐ฏ Target
67d from today
โ๏ธ Legs
LONG PUT ยท $58 ยท Jun '26
Qty 1 ยท Premium $3.51 ยท ฮ -0.45
SHORT PUT ยท $53 ยท Jun '26
Qty 1 ยท Premium $1.49 ยท ฮ -0.25
P&L at Expiry
Stock (100 sh)
Bear Put Spread
Now
Target
๐ก Stock vs Options at Target
If CTSH hits $51 by Jun 19: the bear put spread returns +$298 (147.5%) on $202 risked, vs $-692 (-11.9%) for 100 shares on $5,792. Options give 12.4ร capital efficiency.
๐ Expiry
Options expire Jun 19, 2026 (67 days out). P&L shown is the value at expiry if CTSH is at $51. Use the 30d / 60d / 90d / 180d pills to compare different expiries.
๐ Projected Return
P&L if CTSH hits $51 by Jun 19
+$298
+147.5% on $202 risked
Max Profit
+$298
If the stock โค $53 at expiry
Max Loss
โ$202
Net debit
Break-even
$55.98
-3.35% from spot
Prob. of Target Hit
46%
IV-implied, 67d (rough)
Net ฮ / ฮ / V
-20.34 / -0.39 / 1.98
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
| CTSH Price | Today | May 5 | May 27 | Jun 19 (exp) |
|---|---|---|---|---|
| $46 (-20%) | +$230 | +$252 | +$281 | +$298 |
| $49 (-15%) | +$183 | +$205 | +$243 | +$298 |
| $51 (-12%) โ target | +$149 | +$167 | +$202 | +$298 |
| $52 (-10%) | +$125 | +$139 | +$168 | +$298 |
| $55 (-5%) | +$62 | +$64 | +$68 | +$96 |
| $57 (-2%) | +$24 | +$18 | +$5 | -$78 |
| $58 (0%) โ spot | +$0 | -$11 | -$34 | -$194 |
| $59 (+2%) | -$23 | -$38 | -$69 | -$202 |
| $61 (+5%) | -$55 | -$75 | -$113 | -$202 |
| $64 (+10%) | -$99 | -$123 | -$161 | -$202 |
| $67 (+15%) | -$134 | -$157 | -$186 | -$202 |
| $70 (+20%) | -$158 | -$177 | -$196 | -$202 |
Uses CTSH's current IV for repricing. P&L includes all legs (stock + options). Qty: 1x.