Target Price Playground
๐ Strategy
๐ฏ Target
โ๏ธ Legs
๐ก Stock vs Options at Target
If WDAY hits $120 by Jun 19: the cash-secured put returns +$887 (9.2%) on $-887 credit (max loss $9,613), vs +$750 (6.7%) for 100 shares on $11,250. Options give 1.4ร capital efficiency.
๐ Expiry
Options expire Jun 19, 2026 (67 days out). P&L shown is the value at expiry if WDAY is at $120. 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
| WDAY Price | Today | May 5 | May 27 | Jun 19 (exp) |
|---|---|---|---|---|
| $90 (-20%) | -$949 | -$829 | -$696 | -$613 |
| $96 (-15%) | -$594 | -$447 | -$263 | -$51 |
| $101 (-10%) | -$291 | -$124 | +$94 | +$512 |
| $107 (-5%) | -$37 | +$138 | +$369 | +$887 |
| $110 (-2%) | +$93 | +$268 | +$495 | +$887 |
| $113 (0%) โ spot | +$171 | +$344 | +$565 | +$887 |
| $115 (+2%) | +$243 | +$412 | +$625 | +$887 |
| $118 (+5%) | +$339 | +$501 | +$697 | +$887 |
| $120 (+7%) โ target | +$387 | +$544 | +$729 | +$887 |
| $124 (+10%) | +$472 | +$618 | +$780 | +$887 |
| $129 (+15%) | +$575 | +$703 | +$829 | +$887 |
| $135 (+20%) | +$655 | +$763 | +$857 | +$887 |