Target Price Playground
VRNS
$20.19
๐ข
VRNS IV: 62.2% โ LOW
(-36.5% vs 30d avg of 97.9%)
Options are cheap vs 30d avg โ good time to BUY options (long calls/puts, debit spreads).
Forward Projection
If price hits $23 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
Moderately bullish. Debit, capped max profit + loss.
๐ฏ Target
67d from today
โ๏ธ Legs
LONG CALL ยท $20 ยท Jun '26
Qty 1 ยท Premium $3.0 ยท ฮ 0.58
SHORT CALL ยท $22 ยท Jun '26
Qty 1 ยท Premium $1.98 ยท ฮ 0.47
P&L at Expiry
Stock (100 sh)
Bull Call Spread
Now
Target
๐ก Stock vs Options at Target
If VRNS hits $23 by Jun 19: the bull call spread returns +$98 (96.1%) on $102 risked, vs +$231 (11.4%) for 100 shares on $2,019. Options give 8.4ร capital efficiency.
๐ Expiry
Options expire Jun 19, 2026 (67 days out). P&L shown is the value at expiry if VRNS is at $23. Use the 30d / 60d / 90d / 180d pills to compare different expiries.
๐ Projected Return
P&L if VRNS hits $23 by Jun 19
+$98
+96.1% on $102 risked
Max Profit
+$98
If the stock โฅ $22 at expiry
Max Loss
โ$102
Net debit
Break-even
$21.02
+4.11% from spot
Prob. of Target Hit
73%
IV-implied, 67d (rough)
Net ฮ / ฮ / V
11.1 / -0.13 / -0.06
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
| VRNS Price | Today | May 5 | May 27 | Jun 19 (exp) |
|---|---|---|---|---|
| $16 (-20%) | -$68 | -$75 | -$87 | -$102 |
| $17 (-15%) | -$57 | -$63 | -$76 | -$102 |
| $18 (-10%) | -$46 | -$51 | -$61 | -$102 |
| $19 (-5%) | -$35 | -$37 | -$44 | -$102 |
| $20 (-2%) | -$28 | -$28 | -$32 | -$102 |
| $20 (0%) โ spot | -$23 | -$23 | -$24 | -$83 |
| $21 (+2%) | -$18 | -$17 | -$17 | -$43 |
| $21 (+5%) | -$11 | -$9 | -$5 | +$18 |
| $22 (+10%) | -$0 | +$5 | +$14 | +$98 |
| $23 (+11%) โ target | +$3 | +$9 | +$20 | +$98 |
| $23 (+15%) | +$11 | +$18 | +$32 | +$98 |
| $24 (+20%) | +$21 | +$30 | +$47 | +$98 |
Uses VRNS's current IV for repricing. P&L includes all legs (stock + options). Qty: 1x.