Target Price Playground
IBM
$230.76
๐ข
IBM IV: 6.3% โ LOW
(-89.1% vs 30d avg of 57.4%)
Options are cheap vs 30d avg โ good time to BUY options (long calls/puts, debit spreads).
Forward Projection
If price hits $265 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
Bet on big move in either direction. Two premiums paid.
๐ฏ Target
67d from today
โ๏ธ Legs
LONG CALL ยท $230 ยท Jun '26
Qty 1 ยท Premium $16.52 ยท ฮ 0.56
LONG PUT ยท $230 ยท Jun '26
Qty 1 ยท Premium $15.3 ยท ฮ -0.45
P&L at Expiry
Stock (100 sh)
Long Straddle
Now
Target
๐ก Stock vs Options at Target
If IBM hits $265 by Jun 19: the long straddle returns +$318 (10.0%) on $3,182 risked, vs +$3,424 (14.8%) for 100 shares on $23,076. Options give 0.7ร capital efficiency.
๐ Expiry
Options expire Jun 19, 2026 (67 days out). P&L shown is the value at expiry if IBM is at $265. Use the 30d / 60d / 90d / 180d pills to compare different expiries.
๐ Projected Return
P&L if IBM hits $265 by Jun 19
+$318
+10.0% on $3,182 risked
Max Profit
Unlimited
Unlimited on a big move
Max Loss
โ$3,182
Both premiums paid
Break-even
$261.82
+13.46% from spot
Prob. of Target Hit
0%
IV-implied, 67d (rough)
Net ฮ / ฮ / V
11.66 / -14.41 / 77.46
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
| IBM Price | Today | May 5 | May 27 | Jun 19 (exp) |
|---|---|---|---|---|
| $185 (-20%) | +$1,168 | +$1,230 | +$1,292 | +$1,357 |
| $196 (-15%) | +$14 | +$76 | +$138 | +$203 |
| $208 (-10%) | -$1,126 | -$1,075 | -$1,015 | -$950 |
| $219 (-5%) | -$2,083 | -$2,128 | -$2,148 | -$2,104 |
| $226 (-2%) | -$2,349 | -$2,479 | -$2,635 | -$2,796 |
| $231 (0%) โ spot | -$2,329 | -$2,485 | -$2,684 | -$3,106 |
| $235 (+2%) | -$2,153 | -$2,301 | -$2,473 | -$2,644 |
| $242 (+5%) | -$1,674 | -$1,780 | -$1,878 | -$1,952 |
| $254 (+10%) | -$602 | -$669 | -$733 | -$798 |
| $265 (+15%) โ target | +$507 | +$445 | +$383 | +$318 |
| $277 (+20%) | +$1,698 | +$1,636 | +$1,574 | +$1,509 |
Uses IBM's current IV for repricing. P&L includes all legs (stock + options). Qty: 1x.