Target Price Playground
HON
$235.04
๐ข
HON IV: 13.1% โ LOW
(-76.5% vs 30d avg of 55.8%)
Options are cheap vs 30d avg โ good time to BUY options (long calls/puts, debit spreads).
Forward Projection
If price hits $255 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
@ $235.04 ยท ฮ 1.00
SHORT CALL ยท $255 ยท Jun '26
Qty 1 ยท Premium $0.32 ยท ฮ 0.07
P&L at Expiry
Stock (100 sh)
Covered Call
Now
Target
๐ก Stock vs Options at Target
If HON hits $255 by Jun 19: the covered call returns +$2,028 (8.6%) on $23,472 risked, vs +$1,996 (8.5%) for 100 shares on $23,504. Options give 1.0ร capital efficiency.
๐ Expiry
Options expire Jun 19, 2026 (67 days out). P&L shown is the value at expiry if HON is at $255. Use the 30d / 60d / 90d / 180d pills to compare different expiries.
๐ Projected Return
P&L if HON hits $255 by Jun 19
+$2,028
+8.6% on $23,472 risked
Max Profit
+$2,028
If the stock โฅ $255 at expiry
Max Loss
โ$23,472
If stock โ $0 (minus premium received)
Break-even
$234.72
-0.14% from spot
Prob. of Target Hit
8%
IV-implied, 67d (rough)
Net ฮ / ฮ / V
93.34 / 1.28 / -13.02
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
| HON Price | Today | May 5 | May 27 | Jun 19 (exp) |
|---|---|---|---|---|
| $188 (-20%) | -$4,669 | -$4,669 | -$4,669 | -$4,669 |
| $200 (-15%) | -$3,494 | -$3,494 | -$3,494 | -$3,494 |
| $212 (-10%) | -$2,318 | -$2,318 | -$2,318 | -$2,318 |
| $223 (-5%) | -$1,145 | -$1,143 | -$1,143 | -$1,143 |
| $230 (-2%) | -$449 | -$440 | -$438 | -$438 |
| $235 (0%) โ spot | -$0 | +$22 | +$31 | +$32 |
| $240 (+2%) | +$423 | +$468 | +$497 | +$502 |
| $247 (+5%) | +$973 | +$1,064 | +$1,155 | +$1,207 |
| $255 (+8%) โ target | +$1,429 | +$1,554 | +$1,705 | +$2,028 |
| $259 (+10%) | +$1,560 | +$1,685 | +$1,832 | +$2,028 |
| $270 (+15%) | +$1,771 | +$1,864 | +$1,952 | +$2,028 |
| $282 (+20%) | +$1,813 | +$1,886 | +$1,956 | +$2,028 |
Uses HON's current IV for repricing. P&L includes all legs (stock + options). Qty: 1x.