Target Price Playground
REGN
$748.87
๐ข
REGN IV: 38.0% โ LOW
(-45.8% vs 30d avg of 70.0%)
Options are cheap vs 30d avg โ good time to BUY options (long calls/puts, debit spreads).
Forward Projection
If price hits $820 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
@ $748.87 ยท ฮ 1.00
LONG PUT ยท $710 ยท Jun '26
Qty 1 ยท Premium $28.1 ยท ฮ -0.34
P&L at Expiry
Stock (100 sh)
Protective Put
Now
Target
๐ก Stock vs Options at Target
If REGN hits $820 by Jun 19: the protective put returns +$4,303 (5.5%) on $77,697 risked, vs +$7,113 (9.5%) for 100 shares on $74,887. Options give 0.6ร capital efficiency.
๐ Expiry
Options expire Jun 19, 2026 (67 days out). P&L shown is the value at expiry if REGN is at $820. Use the 30d / 60d / 90d / 180d pills to compare different expiries.
๐ Projected Return
P&L if REGN hits $820 by Jun 19
+$4,303
+5.5% on $77,697 risked
Max Profit
Unlimited
Unlimited upside (minus put cost)
Max Loss
โ$6,697
Put floors you at $710
Break-even
$776.97
+3.75% from spot
Prob. of Target Hit
56%
IV-implied, 67d (rough)
Net ฮ / ฮ / V
66.24 / -34.52 / 121.39
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
| REGN Price | Today | May 5 | May 27 | Jun 19 (exp) |
|---|---|---|---|---|
| $599 (-20%) | -$6,357 | -$6,614 | -$6,791 | -$6,697 |
| $637 (-15%) | -$5,460 | -$5,939 | -$6,455 | -$6,697 |
| $674 (-10%) | -$4,105 | -$4,761 | -$5,599 | -$6,697 |
| $711 (-5%) | -$2,259 | -$2,999 | -$3,989 | -$6,554 |
| $734 (-2%) | -$924 | -$1,664 | -$2,636 | -$4,308 |
| $749 (0%) โ spot | +$55 | -$667 | -$1,588 | -$2,810 |
| $764 (+2%) | +$1,099 | +$408 | -$438 | -$1,312 |
| $786 (+5%) | +$2,776 | +$2,149 | +$1,442 | +$934 |
| $820 (+9%) โ target | +$5,504 | +$4,997 | +$4,509 | +$4,303 |
| $861 (+15%) | +$9,111 | +$8,753 | +$8,482 | +$8,423 |
| $899 (+20%) | +$12,569 | +$12,326 | +$12,184 | +$12,167 |
Uses REGN's current IV for repricing. P&L includes all legs (stock + options). Qty: 1x.