Target Price Playground
BKNG
$171.78
๐ข
BKNG IV: 5.6% โ LOW
(-90.5% vs 30d avg of 58.8%)
Options are cheap vs 30d avg โ good time to BUY options (long calls/puts, debit spreads).
Forward Projection
If price hits $185 by Aug 21
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
64d from today
โ๏ธ Legs
LONG 100 SHARES
@ $171.78 ยท ฮ 1.00
SHORT CALL ยท $185 ยท Aug '26
Qty 1 ยท Premium $7.75 ยท ฮ 0.36
P&L at Expiry
Stock (100 sh)
Covered Call
Now
Target
๐ก Stock vs Options at Target
If BKNG hits $185 by Aug 21: the covered call returns +$2,097 (12.8%) on $16,403 risked, vs +$1,322 (7.7%) for 100 shares on $17,178. Options give 1.7ร capital efficiency.
๐ Expiry
Options expire Aug 21, 2026 (64 days out). P&L shown is the value at expiry if BKNG is at $185. Use the 30d / 60d / 90d / 180d pills to compare different expiries.
๐ Projected Return
P&L if BKNG hits $185 by Aug 21
+$2,097
+12.8% on $16,403 risked
Max Profit
+$2,097
If the stock โฅ $185 at expiry
Max Loss
โ$16,403
If stock โ $0 (minus premium received)
Break-even
$164.03
-4.51% from spot
Prob. of Target Hit
0%
IV-implied, 64d (rough)
Net ฮ / ฮ / V
64.08 / 7.57 / -27.35
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
| BKNG Price | Today | Jul 9 | Jul 30 | Aug 21 (exp) |
|---|---|---|---|---|
| $137 (-20%) | -$2,661 | -$2,661 | -$2,661 | -$2,661 |
| $146 (-15%) | -$1,802 | -$1,802 | -$1,802 | -$1,802 |
| $155 (-10%) | -$943 | -$943 | -$943 | -$943 |
| $163 (-5%) | -$84 | -$84 | -$84 | -$84 |
| $168 (-2%) | +$431 | +$431 | +$431 | +$431 |
| $172 (0%) โ spot | +$775 | +$775 | +$775 | +$775 |
| $175 (+2%) | +$1,115 | +$1,118 | +$1,119 | +$1,119 |
| $180 (+5%) | +$1,577 | +$1,607 | +$1,629 | +$1,634 |
| $185 (+8%) โ target | +$1,842 | +$1,901 | +$1,969 | +$2,097 |
| $189 (+10%) | +$1,929 | +$1,985 | +$2,043 | +$2,097 |
| $198 (+15%) | +$1,951 | +$1,999 | +$2,047 | +$2,097 |
| $206 (+20%) | +$1,952 | +$1,999 | +$2,047 | +$2,097 |
Uses BKNG's current IV for repricing. P&L includes all legs (stock + options). Qty: 1x.