Target Price Playground

Templates Custom Builder
PRGS
$26.65
๐ŸŸก
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 $28 by Jun 19
Historical Backtest Coming soon
Signal Backtest Coming soon

๐Ÿ“‹ 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
Sell OTM put for premium; get assigned if price drops.

๐ŸŽฏ Target

67d from today

โš™๏ธ Legs

SHORT PUT ยท $25 ยท Jun '26
Qty 1 ยท Premium $1.54 ยท ฮ” -0.31
P&L at Expiry Now $27 Target $28 $19 $27 $35
Stock (100 sh) Cash-Secured Put Now Target
๐Ÿ’ก Stock vs Options at Target

If PRGS hits $28 by Jun 19: the cash-secured put returns +$154 (6.7%) on $-154 credit (max loss $2,296), vs +$135 (5.1%) for 100 shares on $2,665. Options give 1.3ร— capital efficiency.

๐Ÿ“… Expiry

Options expire Jun 19, 2026 (67 days out). P&L shown is the value at expiry if PRGS is at $28. Use the 30d / 60d / 90d / 180d pills to compare different expiries.

๐Ÿ“Š Projected Return

P&L if PRGS hits $28 by Jun 19
+$154
+6.7% on $2,296 max loss
Max Profit
+$154
If the stock โ‰ฅ $24 at expiry
Max Loss
โˆ’$2,296
If stock โ†’ $0 after assignment
Break-even
$22.96
-13.86% from spot
Prob. of Target Hit
84%
IV-implied, 67d (rough)
Net ฮ” / ฮ˜ / V
31.1 / 1.65 / -4.03
per spread, per $1 move / day / vol pt
๐Ÿ’พ Log in to save ๐Ÿ“Š My Saved Strategies

๐Ÿ“‹ 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.
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.
Signal Backtest
"Run this strategy on every BUY-rated stock with score โ‰ฅ 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.

๐Ÿ“Š P&L Scenarios โ€” what happens at different prices and dates

PRGS Price Today May 5 May 27 Jun 19 (exp)
$21 (-20%) -$253 -$224 -$189 -$164
$23 (-15%) -$173 -$137 -$91 -$31
$24 (-10%) -$104 -$64 -$12 +$102
$25 (-5%) -$47 -$6 +$48 +$154
$26 (-2%) -$18 +$23 +$75 +$154
$27 (0%) โ† spot -$0 +$39 +$90 +$154
$27 (+2%) +$15 +$54 +$102 +$154
$28 (+5%) โ† target +$37 +$74 +$117 +$154
$29 (+10%) +$66 +$99 +$134 +$154
$31 (+15%) +$88 +$116 +$143 +$154
$32 (+20%) +$105 +$129 +$149 +$154
Uses PRGS's current IV for repricing. P&L includes all legs (stock + options). Qty: 1x.