Target Price Playground
๐ Strategy
๐ฏ Target
โ๏ธ Legs
๐ก Stock vs Options at Target
If ENTG hits $140 by Jun 19: the cash-secured put returns +$824 (7.1%) on $-824 credit (max loss $11,676), vs +$468 (3.5%) for 100 shares on $13,532. Options give 2.0ร capital efficiency.
๐ Expiry
Options expire Jun 19, 2026 (67 days out). P&L shown is the value at expiry if ENTG is at $140. Use the 30d / 60d / 90d / 180d pills to compare different expiries.
๐ Projected Return
๐ Notes for each mode (not shown on real page)
Reprices legs at (target_price, target_date) via Black-Scholes. Works on existing BS service. Simplest mode โ ship first.
Uses our historical options chains to replay this exact strategy over past expirations. Needs: date picker, "rolling every N days", cumulative P&L chart.
"Run this strategy on every BUY-rated stock with score โฅ 80 for last 90d." Reuses score_backtest pipeline + strategy overlay.
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
| ENTG Price | Today | May 5 | May 27 | Jun 19 (exp) |
|---|---|---|---|---|
| $108 (-20%) | -$1,301 | -$1,149 | -$975 | -$850 |
| $115 (-15%) | -$888 | -$704 | -$471 | -$174 |
| $122 (-10%) | -$535 | -$331 | -$61 | +$503 |
| $129 (-5%) | -$241 | -$29 | +$249 | +$824 |
| $133 (-2%) | -$90 | +$120 | +$392 | +$824 |
| $135 (0%) โ spot | -$0 | +$207 | +$470 | +$824 |
| $138 (+2%) | +$82 | +$285 | +$536 | +$824 |
| $140 (+3%) โ target | +$138 | +$336 | +$578 | +$824 |
| $142 (+5%) | +$193 | +$386 | +$616 | +$824 |
| $149 (+10%) | +$346 | +$519 | +$707 | +$824 |
| $156 (+15%) | +$465 | +$615 | +$761 | +$824 |
| $162 (+20%) | +$556 | +$683 | +$791 | +$824 |