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Sell OTM put for premium; get assigned if price drops.
🎯 Target
49d from today
⚙️ Legs
SHORT PUT · $320 · Dec '26
Qty 1 · Premium $3.52 · Δ -0.17
P&L at Expiry
Stock (100 sh)Cash-Secured PutNowTarget
💡 Stock vs Options at Target
If AAPL hits $365 by Dec 18:
the cash-secured put returns
+$352
(1.1%)
on $-352 credit (max loss $31,648), vs
+$1,609
(4.6%)
for 100 shares on $34,891.
Options give 0.2× capital efficiency.
📅 Expiry
Options expire Dec 18, 2026
(49 days out).
P&L shown is the value at expiry if AAPL is at $365.
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 — 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 ≥ 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.
📊 P&L Scenarios — what happens at different prices and dates
AAPL Price
Today
Nov 15
Dec 1
Dec 18 (exp)
$279
(-20%)
-$3,673
-$3,659
-$3,674
-$3,735
$297
(-15%)
-$2,232
-$2,122
-$2,013
-$1,991
$314
(-10%)
-$1,115
-$929
-$684
-$246
$331
(-5%)
-$376
-$188
+$49
+$352
$342
(-2%)
-$95
+$62
+$236
+$352
$349
(0%)← spot
+$37
+$169
+$296
+$352
$356
(+2%)
+$136
+$240
+$327
+$352
$365
(+5%)← target
+$223
+$296
+$344
+$352
$384
(+10%)
+$312
+$341
+$352
+$352
$401
(+15%)
+$340
+$350
+$352
+$352
$419
(+20%)
+$349
+$352
+$352
+$352
Uses AAPL's current IV for repricing. P&L includes all legs (stock + options). Qty: 1x.