Target Price Playground
ON
$68.65
๐ข
ON IV: 49.9% โ LOW
(-44.3% vs 30d avg of 89.5%)
Options are cheap vs 30d avg โ good time to BUY options (long calls/puts, debit spreads).
Forward Projection
If price hits $77 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
Moderately bullish. Debit, capped max profit + loss.
๐ฏ Target
67d from today
โ๏ธ Legs
LONG CALL ยท $69 ยท Jun '26
Qty 1 ยท Premium $6.28 ยท ฮ 0.55
SHORT CALL ยท $74 ยท Jun '26
Qty 1 ยท Premium $4.3 ยท ฮ 0.43
P&L at Expiry
Stock (100 sh)
Bull Call Spread
Now
Target
๐ก Stock vs Options at Target
If ON hits $77 by Jun 19: the bull call spread returns +$302 (152.4%) on $198 risked, vs +$835 (12.2%) for 100 shares on $6,865. Options give 12.5ร capital efficiency.
๐ Expiry
Options expire Jun 19, 2026 (67 days out). P&L shown is the value at expiry if ON is at $77. Use the 30d / 60d / 90d / 180d pills to compare different expiries.
๐ Projected Return
P&L if ON hits $77 by Jun 19
+$302
+152.4% on $198 risked
Max Profit
+$302
If the stock โฅ $74 at expiry
Max Loss
โ$198
Net debit
Break-even
$70.98
+3.4% from spot
Prob. of Target Hit
59%
IV-implied, 67d (rough)
Net ฮ / ฮ / V
12.29 / -0.12 / 0.1
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
| ON Price | Today | May 5 | May 27 | Jun 19 (exp) |
|---|---|---|---|---|
| $55 (-20%) | -$144 | -$163 | -$187 | -$198 |
| $58 (-15%) | -$116 | -$136 | -$168 | -$198 |
| $62 (-10%) | -$81 | -$99 | -$134 | -$198 |
| $65 (-5%) | -$42 | -$54 | -$82 | -$198 |
| $67 (-2%) | -$17 | -$24 | -$44 | -$198 |
| $69 (0%) โ spot | +$0 | -$4 | -$16 | -$198 |
| $70 (+2%) | +$17 | +$16 | +$12 | -$96 |
| $72 (+5%) | +$42 | +$47 | +$55 | +$110 |
| $76 (+10%) | +$83 | +$96 | +$122 | +$302 |
| $77 (+12%) โ target | +$99 | +$116 | +$149 | +$302 |
| $79 (+15%) | +$120 | +$141 | +$179 | +$302 |
| $82 (+20%) | +$153 | +$179 | +$223 | +$302 |
Uses ON's current IV for repricing. P&L includes all legs (stock + options). Qty: 1x.