Target Price Playground
FTNT
$76.70
๐ข
FTNT IV: 42.0% โ LOW
(-36.1% vs 30d avg of 65.7%)
Options are cheap vs 30d avg โ good time to BUY options (long calls/puts, debit spreads).
Forward Projection
If price hits $86 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 bullish. Debit, capped max profit + loss.
๐ฏ Target
67d from today
โ๏ธ Legs
LONG CALL ยท $77 ยท Jun '26
Qty 1 ยท Premium $5.97 ยท ฮ 0.55
SHORT CALL ยท $83 ยท Jun '26
Qty 1 ยท Premium $3.62 ยท ฮ 0.39
P&L at Expiry
Stock (100 sh)
Bull Call Spread
Now
Target
๐ก Stock vs Options at Target
If FTNT hits $86 by Jun 19: the bull call spread returns +$366 (156.2%) on $234 risked, vs +$930 (12.1%) for 100 shares on $7,670. Options give 12.9ร capital efficiency.
๐ Expiry
Options expire Jun 19, 2026 (67 days out). P&L shown is the value at expiry if FTNT is at $86. Use the 30d / 60d / 90d / 180d pills to compare different expiries.
๐ Projected Return
P&L if FTNT hits $86 by Jun 19
+$366
+156.2% on $234 risked
Max Profit
+$366
If the stock โฅ $83 at expiry
Max Loss
โ$234
Net debit
Break-even
$79.34
+3.44% from spot
Prob. of Target Hit
52%
IV-implied, 67d (rough)
Net ฮ / ฮ / V
15.59 / -0.25 / 0.4
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
| FTNT Price | Today | May 5 | May 27 | Jun 19 (exp) |
|---|---|---|---|---|
| $61 (-20%) | -$190 | -$210 | -$230 | -$235 |
| $65 (-15%) | -$157 | -$181 | -$215 | -$235 |
| $69 (-10%) | -$112 | -$137 | -$180 | -$235 |
| $73 (-5%) | -$59 | -$78 | -$117 | -$235 |
| $75 (-2%) | -$25 | -$37 | -$66 | -$235 |
| $77 (0%) โ spot | -$1 | -$9 | -$29 | -$235 |
| $78 (+2%) | +$23 | +$20 | +$11 | -$112 |
| $81 (+5%) | +$59 | +$64 | +$72 | +$119 |
| $84 (+10%) | +$116 | +$133 | +$166 | +$365 |
| $86 (+12%) โ target | +$139 | +$160 | +$201 | +$365 |
| $88 (+15%) | +$168 | +$194 | +$242 | +$365 |
| $92 (+20%) | +$213 | +$244 | +$295 | +$365 |
Uses FTNT's current IV for repricing. P&L includes all legs (stock + options). Qty: 1x.