Sell OTM put for premium; get assigned if price drops.
๐ฏ Target
67d from today
โ๏ธ Legs
SHORT PUT ยท $71 ยท Jun '26
Qty 1 ยท Premium $2.98 ยท ฮ -0.29
P&L at Expiry
Stock (100 sh)Cash-Secured PutNowTarget
๐ก Stock vs Options at Target
If FTNT hits $81 by Jun 19:
the cash-secured put returns
+$298
(4.4%)
on $-298 credit (max loss $6,802), vs
+$430
(5.6%)
for 100 shares on $7,670.
Options give 0.8ร capital efficiency.
๐ Expiry
Options expire Jun 19, 2026
(67 days out).
P&L shown is the value at expiry if FTNT is at $81.
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
FTNT Price
Today
May 5
May 27
Jun 19 (exp)
$61
(-20%)
-$779
-$729
-$680
-$666
$65
(-15%)
-$518
-$448
-$363
-$282
$69
(-10%)
-$302
-$219
-$109
+$101
$73
(-5%)
-$131
-$44
+$71
+$298
$75
(-2%)
-$48
+$37
+$147
+$298
$77
(0%)โ spot
-$0
+$82
+$184
+$298
$78
(+2%)
+$42
+$121
+$214
+$298
$81
(+6%)โ target
+$106
+$176
+$252
+$298
$84
(+10%)
+$164
+$222
+$277
+$298
$88
(+15%)
+$211
+$256
+$290
+$298
$92
(+20%)
+$243
+$275
+$295
+$298
Uses FTNT's current IV for repricing. P&L includes all legs (stock + options). Qty: 1x.