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 $260 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
Bullish. Unlimited upside, capped loss = premium 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
P&L at Expiry
Stock (100 sh)
Long Call
Now
Target
๐ก Stock vs Options at Target
If IBM hits $260 by Jun 19: the long call returns +$1,348 (81.6%) on $1,652 risked, vs +$2,924 (12.7%) for 100 shares on $23,076. Options give 6.4ร capital efficiency.
๐ Expiry
Options expire Jun 19, 2026 (67 days out). P&L shown is the value at expiry if IBM is at $260. Use the 30d / 60d / 90d / 180d pills to compare different expiries.
๐ Projected Return
P&L if IBM hits $260 by Jun 19
+$1,348
+81.6% on $1,652 risked
Max Profit
Unlimited
Unlimited upside
Max Loss
โ$1,652
Premium paid
Break-even
$246.52
+6.83% from spot
Prob. of Target Hit
1%
IV-implied, 67d (rough)
Net ฮ / ฮ / V
56.28 / -7.13 / 38.69
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%) | -$1,652 | -$1,652 | -$1,652 | -$1,652 |
| $196 (-15%) | -$1,652 | -$1,652 | -$1,652 | -$1,652 |
| $208 (-10%) | -$1,645 | -$1,651 | -$1,652 | -$1,652 |
| $219 (-5%) | -$1,547 | -$1,600 | -$1,641 | -$1,652 |
| $226 (-2%) | -$1,334 | -$1,430 | -$1,539 | -$1,652 |
| $231 (0%) โ spot | -$1,093 | -$1,202 | -$1,332 | -$1,576 |
| $235 (+2%) | -$774 | -$879 | -$996 | -$1,114 |
| $242 (+5%) | -$188 | -$272 | -$353 | -$422 |
| $254 (+10%) | +$924 | +$860 | +$797 | +$732 |
| $260 (+13%) โ target | +$1,538 | +$1,475 | +$1,413 | +$1,348 |
| $265 (+15%) | +$2,074 | +$2,012 | +$1,950 | +$1,885 |
| $277 (+20%) | +$3,228 | +$3,166 | +$3,104 | +$3,039 |
Uses IBM's current IV for repricing. P&L includes all legs (stock + options). Qty: 1x.