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 $83 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
Own stock, sell OTM call for income. Caps upside.
๐ฏ Target
67d from today
โ๏ธ Legs
LONG 100 SHARES
@ $76.7 ยท ฮ 1.00
SHORT CALL ยท $83 ยท Jun '26
Qty 1 ยท Premium $3.62 ยท ฮ 0.39
P&L at Expiry
Stock (100 sh)
Covered Call
Now
Target
๐ก Stock vs Options at Target
If FTNT hits $83 by Jun 19: the covered call returns +$992 (13.6%) on $7,308 risked, vs +$630 (8.2%) for 100 shares on $7,670. Options give 1.7ร capital efficiency.
๐ Expiry
Options expire Jun 19, 2026 (67 days out). P&L shown is the value at expiry if FTNT is at $83. Use the 30d / 60d / 90d / 180d pills to compare different expiries.
๐ Projected Return
P&L if FTNT hits $83 by Jun 19
+$992
+13.6% on $7,308 risked
Max Profit
+$992
If the stock โฅ $83 at expiry
Max Loss
โ$7,308
If stock โ $0 (minus premium received)
Break-even
$73.08
-4.72% from spot
Prob. of Target Hit
67%
IV-implied, 67d (rough)
Net ฮ / ฮ / V
60.9 / 4.5 / -12.62
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%) | -$1,208 | -$1,184 | -$1,173 | -$1,172 |
| $65 (-15%) | -$862 | -$820 | -$793 | -$788 |
| $69 (-10%) | -$542 | -$478 | -$423 | -$405 |
| $73 (-5%) | -$253 | -$167 | -$76 | -$22 |
| $75 (-2%) | -$97 | +$2 | +$115 | +$209 |
| $77 (0%) โ spot | -$0 | +$106 | +$232 | +$362 |
| $78 (+2%) | +$90 | +$202 | +$339 | +$515 |
| $81 (+5%) | +$214 | +$333 | +$484 | +$746 |
| $83 (+8%) โ target | +$331 | +$455 | +$612 | +$992 |
| $84 (+10%) | +$390 | +$514 | +$672 | +$992 |
| $88 (+15%) | +$530 | +$652 | +$800 | +$992 |
| $92 (+20%) | +$639 | +$752 | +$880 | +$992 |
Uses FTNT's current IV for repricing. P&L includes all legs (stock + options). Qty: 1x.