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 $67 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 $77 ยท Jun '26
Qty 1 ยท Premium $5.63 ยท ฮ -0.45
SHORT PUT ยท $71 ยท Jun '26
Qty 1 ยท Premium $2.98 ยท ฮ -0.29
P&L at Expiry
Stock (100 sh)
Bear Put Spread
Now
Target
๐ก Stock vs Options at Target
If FTNT hits $67 by Jun 19: the bear put spread returns +$335 (126.4%) on $265 risked, vs $-970 (-12.6%) for 100 shares on $7,670. Options give 10.0ร capital efficiency.
๐ Expiry
Options expire Jun 19, 2026 (67 days out). P&L shown is the value at expiry if FTNT is at $67. Use the 30d / 60d / 90d / 180d pills to compare different expiries.
๐ Projected Return
P&L if FTNT hits $67 by Jun 19
+$335
+126.4% on $265 risked
Max Profit
+$335
If the stock โค $71 at expiry
Max Loss
โ$265
Net debit
Break-even
$74.35
-3.06% from spot
Prob. of Target Hit
51%
IV-implied, 67d (rough)
Net ฮ / ฮ / V
-16.0 / -0.38 / 1.72
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%) | +$240 | +$266 | +$305 | +$335 |
| $65 (-15%) | +$188 | +$213 | +$257 | +$335 |
| $67 (-13%) โ target | +$161 | +$182 | +$223 | +$335 |
| $69 (-10%) | +$128 | +$144 | +$177 | +$335 |
| $73 (-5%) | +$64 | +$66 | +$73 | +$149 |
| $75 (-2%) | +$25 | +$19 | +$8 | -$82 |
| $77 (0%) โ spot | +$0 | -$11 | -$34 | -$235 |
| $78 (+2%) | -$24 | -$40 | -$72 | -$265 |
| $81 (+5%) | -$58 | -$80 | -$123 | -$265 |
| $84 (+10%) | -$109 | -$137 | -$187 | -$265 |
| $88 (+15%) | -$150 | -$181 | -$226 | -$265 |
| $92 (+20%) | -$183 | -$212 | -$247 | -$265 |
Uses FTNT's current IV for repricing. P&L includes all legs (stock + options). Qty: 1x.