Target Price Playground
๐ Strategy
๐ฏ Target
โ๏ธ Legs
๐ก Stock vs Options at Target
If SNPS hits $410 by Jun 19: the cash-secured put returns +$1,450 (4.2%) on $-1,450 credit (max loss $34,550), vs +$1,776 (4.5%) for 100 shares on $39,224. Options give 0.9ร capital efficiency.
๐ Expiry
Options expire Jun 19, 2026 (67 days out). P&L shown is the value at expiry if SNPS is at $410. Use the 30d / 60d / 90d / 180d pills to compare different expiries.
๐ Projected Return
๐ Notes for each mode (not shown on real page)
Reprices legs at (target_price, target_date) via Black-Scholes. Works on existing BS service. Simplest mode โ ship first.
Uses our historical options chains to replay this exact strategy over past expirations. Needs: date picker, "rolling every N days", cumulative P&L chart.
"Run this strategy on every BUY-rated stock with score โฅ 80 for last 90d." Reuses score_backtest pipeline + strategy overlay.
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
| SNPS Price | Today | May 5 | May 27 | Jun 19 (exp) |
|---|---|---|---|---|
| $314 (-20%) | -$3,969 | -$3,662 | -$3,332 | -$3,171 |
| $333 (-15%) | -$2,699 | -$2,294 | -$1,788 | -$1,210 |
| $353 (-10%) | -$1,647 | -$1,182 | -$565 | +$752 |
| $373 (-5%) | -$806 | -$328 | +$301 | +$1,450 |
| $384 (-2%) | -$395 | +$71 | +$664 | +$1,450 |
| $392 (0%) โ spot | -$157 | +$295 | +$850 | +$1,450 |
| $400 (+2%) | +$56 | +$487 | +$998 | +$1,450 |
| $410 (+5%) โ target | +$290 | +$692 | +$1,141 | +$1,450 |
| $431 (+10%) | +$684 | +$1,011 | +$1,323 | +$1,450 |
| $451 (+15%) | +$935 | +$1,192 | +$1,398 | +$1,450 |
| $471 (+20%) | +$1,109 | +$1,302 | +$1,430 | +$1,450 |