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 $24 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 bearish. Debit, capped max profit + loss.
๐ฏ Target
67d from today
โ๏ธ Legs
LONG PUT ยท $27 ยท Jun '26
Qty 1 ยท Premium $2.74 ยท ฮ -0.46
SHORT PUT ยท $25 ยท Jun '26
Qty 1 ยท Premium $1.54 ยท ฮ -0.31
P&L at Expiry
Stock (100 sh)
Bear Put Spread
Now
Target
๐ก Stock vs Options at Target
If PRGS hits $24 by Jun 19: the bear put spread returns +$130 (109.1%) on $120 risked, vs $-315 (-11.8%) for 100 shares on $2,665. Options give 9.2ร capital efficiency.
๐ Expiry
Options expire Jun 19, 2026 (67 days out). P&L shown is the value at expiry if PRGS is at $24. Use the 30d / 60d / 90d / 180d pills to compare different expiries.
๐ Projected Return
P&L if PRGS hits $24 by Jun 19
+$130
+109.1% on $120 risked
Max Profit
+$130
If the stock โค $24 at expiry
Max Loss
โ$120
Net debit
Break-even
$25.80
-3.17% from spot
Prob. of Target Hit
64%
IV-implied, 67d (rough)
Net ฮ / ฮ / V
-14.64 / -0.15 / 0.5
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%) | +$78 | +$88 | +$106 | +$130 |
| $23 (-15%) | +$60 | +$68 | +$84 | +$130 |
| $24 (-12%) โ target | +$47 | +$53 | +$66 | +$130 |
| $24 (-10%) | +$40 | +$44 | +$55 | +$130 |
| $25 (-5%) | +$19 | +$20 | +$21 | +$48 |
| $26 (-2%) | +$7 | +$5 | +$0 | -$32 |
| $27 (0%) โ spot | -$0 | -$5 | -$13 | -$85 |
| $27 (+2%) | -$8 | -$14 | -$26 | -$120 |
| $28 (+5%) | -$19 | -$27 | -$43 | -$120 |
| $29 (+10%) | -$37 | -$48 | -$68 | -$120 |
| $31 (+15%) | -$52 | -$65 | -$87 | -$120 |
| $32 (+20%) | -$65 | -$79 | -$100 | -$120 |
Uses PRGS's current IV for repricing. P&L includes all legs (stock + options). Qty: 1x.