Sell OTM put for premium; get assigned if price drops.
๐ฏ Target
67d from today
โ๏ธ Legs
SHORT PUT ยท $89 ยท Jun '26
Qty 1 ยท Premium $2.06 ยท ฮ -0.24
P&L at Expiry
Stock (100 sh)Cash-Secured PutNowTarget
๐ก Stock vs Options at Target
If SBUX hits $100 by Jun 19:
the cash-secured put returns
+$206
(2.4%)
on $-206 credit (max loss $8,694), vs
+$340
(3.5%)
for 100 shares on $9,660.
Options give 0.7ร capital efficiency.
๐ Expiry
Options expire Jun 19, 2026
(67 days out).
P&L shown is the value at expiry if SBUX is at $100.
Use the 30d / 60d / 90d / 180d pills to compare different expiries.
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 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.
๐ P&L Scenarios โ what happens at different prices and dates
SBUX Price
Today
May 5
May 27
Jun 19 (exp)
$77
(-20%)
-$1,001
-$973
-$954
-$966
$82
(-15%)
-$642
-$587
-$524
-$483
$87
(-10%)
-$356
-$282
-$183
-$0
$92
(-5%)
-$144
-$67
+$35
+$206
$95
(-2%)
-$50
+$22
+$112
+$206
$97
(0%)โ spot
+$0
+$68
+$145
+$206
$99
(+2%)
+$42
+$103
+$168
+$206
$100
(+4%)โ target
+$69
+$125
+$180
+$206
$101
(+5%)
+$92
+$142
+$188
+$206
$106
(+10%)
+$146
+$179
+$202
+$206
$111
(+15%)
+$176
+$195
+$205
+$206
$116
(+20%)
+$192
+$202
+$206
+$206
Uses SBUX's current IV for repricing. P&L includes all legs (stock + options). Qty: 1x.