Target Price Playground
QBTS
$14.25
๐ข
QBTS IV: 88.9% โ LOW
(-22.7% vs 30d avg of 114.9%)
Options are cheap vs 30d avg โ good time to BUY options (long calls/puts, debit spreads).
Forward Projection
If price hits $16 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
Own stock + buy put as insurance against downside.
๐ฏ Target
67d from today
โ๏ธ Legs
LONG 100 SHARES
@ $14.25 ยท ฮ 1.00
LONG PUT ยท $14 ยท Jun '26
Qty 1 ยท Premium $1.72 ยท ฮ -0.36
P&L at Expiry
Stock (100 sh)
Protective Put
Now
Target
๐ก Stock vs Options at Target
If QBTS hits $16 by Jun 19: the protective put returns $-47 (-3.0%) on $1,597 risked, vs +$125 (8.8%) for 100 shares on $1,425. Options give 0.3ร capital efficiency.
๐ Expiry
Options expire Jun 19, 2026 (67 days out). P&L shown is the value at expiry if QBTS is at $16. Use the 30d / 60d / 90d / 180d pills to compare different expiries.
๐ Projected Return
P&L if QBTS hits $16 by Jun 19
$-47
-3.0% on $1,597 risked
Max Profit
Unlimited
Unlimited upside (minus put cost)
Max Loss
โ$247
Put floors you at $14
Break-even
$15.97
+12.08% from spot
Prob. of Target Hit
82%
IV-implied, 67d (rough)
Net ฮ / ฮ / V
63.86 / -1.46 / 2.29
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
| QBTS Price | Today | May 5 | May 27 | Jun 19 (exp) |
|---|---|---|---|---|
| $11 (-20%) | -$151 | -$179 | -$213 | -$247 |
| $12 (-15%) | -$120 | -$151 | -$190 | -$247 |
| $13 (-10%) | -$83 | -$117 | -$161 | -$247 |
| $14 (-5%) | -$43 | -$78 | -$125 | -$243 |
| $14 (-2%) | -$18 | -$53 | -$100 | -$201 |
| $14 (0%) โ spot | +$0 | -$35 | -$82 | -$172 |
| $15 (+2%) | +$19 | -$17 | -$63 | -$143 |
| $15 (+5%) | +$47 | +$12 | -$34 | -$101 |
| $16 (+9%) โ target | +$85 | +$50 | +$6 | -$47 |
| $16 (+10%) | +$98 | +$63 | +$20 | -$29 |
| $16 (+15%) | +$151 | +$118 | +$78 | +$42 |
| $17 (+20%) | +$206 | +$175 | +$139 | +$113 |
Uses QBTS's current IV for repricing. P&L includes all legs (stock + options). Qty: 1x.