Buy a longer-dated put, sell a shorter-dated OTM put. Profits from time decay + a moderate drop.
๐ฏ Target
67d from today
โ๏ธ Legs
LONG PUT ยท $850 ยท Jul '26
Qty 1 ยท Premium $167.32 ยท ฮ -0.39
SHORT PUT ยท $810 ยท Jun '26
Qty 1 ยท Premium $122.9 ยท ฮ -0.36
P&L at Expiry
Stock (100 sh)Diagonal Put SpreadNowTarget
๐ก Stock vs Options at Target
If SNDK hits $810 by Jun 19:
the diagonal put spread returns
+$6,552
(147.5%)
on $4,442 risked, vs
$-4,177
(-4.9%)
for 100 shares on $85,177.
Options give 30.1ร capital efficiency.
๐ Expiry
Options expire Jun 19, 2026
(67 days out).
P&L shown is the value at expiry if SNDK is at $810.
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
SNDK Price
Today
May 5
May 27
Jun 19 (exp)
$681
(-20%)
+$321
+$674
+$1,220
+$1,474
$724
(-15%)
+$318
+$719
+$1,413
+$2,658
$767
(-10%)
+$275
+$701
+$1,483
+$4,185
$810
(-5%)โ target
+$194
+$619
+$1,420
+$6,101
$835
(-2%)
+$132
+$546
+$1,328
+$4,880
$852
(0%)โ spot
+$83
+$486
+$1,242
+$4,105
$869
(+2%)
+$30
+$419
+$1,140
+$3,381
$894
(+5%)
-$57
+$304
+$959
+$2,388
$937
(+10%)
-$220
+$85
+$598
+$965
$980
(+15%)
-$400
-$162
+$187
-$198
$1022
(+20%)
-$593
-$427
-$251
-$1,137
Uses SNDK's current IV for repricing. P&L includes all legs (stock + options). Qty: 1x.