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 $73 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
Buy a longer-dated put, sell a shorter-dated OTM put. Profits from time decay + a moderate drop.
๐ฏ Target
67d from today
โ๏ธ Legs
LONG PUT ยท $77 ยท Jul '26
Qty 1 ยท Premium $6.59 ยท ฮ -0.44
SHORT PUT ยท $73 ยท Jun '26
Qty 1 ยท Premium $3.75 ยท ฮ -0.35
P&L at Expiry
Stock (100 sh)
Diagonal Put Spread
Now
Target
๐ก Stock vs Options at Target
If FTNT hits $73 by Jun 19: the diagonal put spread returns +$300 (105.5%) on $284 risked, vs $-370 (-4.8%) for 100 shares on $7,670. Options give 22.0ร capital efficiency.
๐ Expiry
Options expire Jun 19, 2026 (67 days out). P&L shown is the value at expiry if FTNT is at $73. Use the 30d / 60d / 90d / 180d pills to compare different expiries.
๐ Projected Return
P&L if FTNT hits $73 by Jun 19
+$300
+105.5% on $284 risked
Max Profit
+$288
If the stock price is favorable
Max Loss
โ$278
Worst-case within chart range
Break-even
$78.88
+2.84% from spot
Prob. of Target Hit
80%
IV-implied, 67d (rough)
Net ฮ / ฮ / V
-9.62 / 0.53 / 3.33
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%) | +$93 | +$106 | +$117 | +$101 |
| $65 (-15%) | +$82 | +$102 | +$127 | +$127 |
| $69 (-10%) | +$62 | +$85 | +$123 | +$186 |
| $73 (-5%) โ target | +$33 | +$54 | +$92 | +$299 |
| $75 (-2%) | +$14 | +$32 | +$64 | +$172 |
| $77 (0%) โ spot | -$0 | +$15 | +$41 | +$94 |
| $78 (+2%) | -$15 | -$4 | +$15 | +$26 |
| $81 (+5%) | -$38 | -$33 | -$26 | -$59 |
| $84 (+10%) | -$77 | -$81 | -$93 | -$159 |
| $88 (+15%) | -$115 | -$126 | -$152 | -$219 |
| $92 (+20%) | -$149 | -$166 | -$197 | -$252 |
Uses FTNT's current IV for repricing. P&L includes all legs (stock + options). Qty: 1x.