Sell OTM put for premium; get assigned if price drops.
๐ฏ Target
56d from today
โ๏ธ Legs
SHORT PUT ยท $340 ยท Oct '26
Qty 1 ยท Premium $8.45 ยท ฮ -0.25
P&L at Expiry
Stock (100 sh)Cash-Secured PutNowTarget
๐ก Stock vs Options at Target
If ADI hits $390 by Oct 16:
the cash-secured put returns
+$845
(2.5%)
on $-845 credit (max loss $33,155), vs
+$1,976
(5.3%)
for 100 shares on $37,024.
Options give 0.5ร capital efficiency.
๐ Expiry
Options expire Oct 16, 2026
(56 days out).
P&L shown is the value at expiry if ADI is at $390.
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 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.
Signal Backtest
"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.
๐ P&L Scenarios โ what happens at different prices and dates
ADI Price
Today
Sep 8
Sep 27
Oct 16 (exp)
$296
(-20%)
-$3,895
-$3,721
-$3,554
-$3,536
$315
(-15%)
-$2,589
-$2,316
-$1,972
-$1,685
$333
(-10%)
-$1,532
-$1,199
-$732
+$167
$352
(-5%)
-$730
-$387
+$86
+$845
$363
(-2%)
-$359
-$34
+$391
+$845
$370
(0%)โ spot
-$154
+$152
+$533
+$845
$378
(+2%)
+$22
+$305
+$636
+$845
$390
(+5%)โ target
+$257
+$497
+$743
+$845
$407
(+10%)
+$488
+$665
+$812
+$845
$426
(+15%)
+$642
+$761
+$836
+$845
$444
(+20%)
+$734
+$808
+$843
+$845
Uses ADI's current IV for repricing. P&L includes all legs (stock + options). Qty: 1x.