Target Price Playground
PRGS
$26.65
๐ก
PRGS IV: 59.2% โ NORMAL
(-10.7% vs 30d avg of 66.3%)
IV is near its 30-day average โ no strong edge either way.
Forward Projection
If price hits $30 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 $27 ยท Jun '26
Qty 1 ยท Premium $2.61 ยท ฮ 0.54
SHORT CALL ยท $29 ยท Jun '26
Qty 1 ยท Premium $1.84 ยท ฮ 0.43
P&L at Expiry
Stock (100 sh)
Bull Call Spread
Now
Target
๐ก Stock vs Options at Target
If PRGS hits $30 by Jun 19: the bull call spread returns +$123 (160.6%) on $77 risked, vs +$335 (12.6%) for 100 shares on $2,665. Options give 12.7ร capital efficiency.
๐ Expiry
Options expire Jun 19, 2026 (67 days out). P&L shown is the value at expiry if PRGS is at $30. Use the 30d / 60d / 90d / 180d pills to compare different expiries.
๐ Projected Return
P&L if PRGS hits $30 by Jun 19
+$123
+160.6% on $77 risked
Max Profit
+$123
If the stock โฅ $29 at expiry
Max Loss
โ$77
Net debit
Break-even
$27.77
+4.19% from spot
Prob. of Target Hit
62%
IV-implied, 67d (rough)
Net ฮ / ฮ / V
11.28 / -0.05 / 0.04
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
| PRGS Price | Today | May 5 | May 27 | Jun 19 (exp) |
|---|---|---|---|---|
| $21 (-20%) | -$53 | -$61 | -$71 | -$77 |
| $23 (-15%) | -$42 | -$50 | -$63 | -$77 |
| $24 (-10%) | -$29 | -$36 | -$50 | -$77 |
| $25 (-5%) | -$15 | -$20 | -$30 | -$77 |
| $26 (-2%) | -$6 | -$9 | -$17 | -$77 |
| $27 (0%) โ spot | -$0 | -$2 | -$7 | -$77 |
| $27 (+2%) | +$6 | +$5 | +$3 | -$59 |
| $28 (+5%) | +$15 | +$16 | +$18 | +$21 |
| $29 (+10%) | +$29 | +$34 | +$43 | +$123 |
| $30 (+13%) โ target | +$36 | +$43 | +$55 | +$123 |
| $31 (+15%) | +$43 | +$51 | +$65 | +$123 |
| $32 (+20%) | +$56 | +$65 | +$82 | +$123 |
Uses PRGS's current IV for repricing. P&L includes all legs (stock + options). Qty: 1x.