Target Price Playground
SNPS
$392.24
๐ข
SNPS IV: 46.9% โ LOW
(-41.2% vs 30d avg of 79.8%)
Options are cheap vs 30d avg โ good time to BUY options (long calls/puts, debit spreads).
Forward Projection
If price hits $425 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, sell OTM call for income. Caps upside.
๐ฏ Target
67d from today
โ๏ธ Legs
LONG 100 SHARES
@ $392.24 ยท ฮ 1.00
SHORT CALL ยท $425 ยท Jun '26
Qty 1 ยท Premium $20.53 ยท ฮ 0.4
P&L at Expiry
Stock (100 sh)
Covered Call
Now
Target
๐ก Stock vs Options at Target
If SNPS hits $425 by Jun 19: the covered call returns +$5,329 (14.3%) on $37,171 risked, vs +$3,276 (8.4%) for 100 shares on $39,224. Options give 1.7ร capital efficiency.
๐ Expiry
Options expire Jun 19, 2026 (67 days out). P&L shown is the value at expiry if SNPS is at $425. Use the 30d / 60d / 90d / 180d pills to compare different expiries.
๐ Projected Return
P&L if SNPS hits $425 by Jun 19
+$5,329
+14.3% on $37,171 risked
Max Profit
+$5,329
If the stock โฅ $425 at expiry
Max Loss
โ$37,171
If stock โ $0 (minus premium received)
Break-even
$371.71
-5.23% from spot
Prob. of Target Hit
68%
IV-implied, 67d (rough)
Net ฮ / ฮ / V
59.85 / 24.84 / -64.99
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
| SNPS Price | Today | May 5 | May 27 | Jun 19 (exp) |
|---|---|---|---|---|
| $314 (-20%) | -$6,039 | -$5,884 | -$5,801 | -$5,792 |
| $333 (-15%) | -$4,309 | -$4,054 | -$3,869 | -$3,831 |
| $353 (-10%) | -$2,708 | -$2,335 | -$1,997 | -$1,869 |
| $373 (-5%) | -$1,265 | -$776 | -$252 | +$92 |
| $384 (-2%) | -$484 | +$67 | +$703 | +$1,269 |
| $392 (0%) โ spot | +$0 | +$587 | +$1,289 | +$2,053 |
| $400 (+2%) | +$455 | +$1,072 | +$1,832 | +$2,837 |
| $412 (+5%) | +$1,081 | +$1,734 | +$2,559 | +$4,014 |
| $425 (+8%) โ target | +$1,704 | +$2,379 | +$3,241 | +$5,329 |
| $431 (+10%) | +$1,981 | +$2,661 | +$3,526 | +$5,329 |
| $451 (+15%) | +$2,712 | +$3,381 | +$4,206 | +$5,329 |
| $471 (+20%) | +$3,291 | +$3,920 | +$4,648 | +$5,329 |
Uses SNPS's current IV for repricing. P&L includes all legs (stock + options). Qty: 1x.