Target Price Playground
BKR
$55.23
🟢
BKR IV: 33.7% — LOW
(-28.4% vs 30d avg of 47.0%)
Options are cheap vs 30d avg — good time to BUY options (long calls/puts, debit spreads).
Forward Projection
If price hits $61 by Dec 18
Historical Backtest
Coming soon
Signal Backtest
Coming soon
📋 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 + buy put as insurance against downside.
🎯 Target
48d from today
⚙️ Legs
LONG 100 SHARES
@ $55.23 · Δ 1.00
LONG PUT · $52 · Dec '26
Qty 1 · Premium $1.36 · Δ -0.28
P&L at Expiry
Stock (100 sh)
Protective Put
Now
Target
💡 Stock vs Options at Target
If BKR hits $61 by Dec 18: the protective put returns +$441 (7.8%) on $5,659 risked, vs +$577 (10.4%) for 100 shares on $5,523. Options give 0.8× capital efficiency.
📅 Expiry
Options expire Dec 18, 2026 (48 days out). P&L shown is the value at expiry if BKR is at $61. Use the 30d / 60d / 90d / 180d pills to compare different expiries.
📊 Projected Return
P&L if BKR hits $61 by Dec 18
+$441
+7.8% on $5,659 risked
Max Profit
Unlimited
Unlimited upside (minus put cost)
Max Loss
−$459
Put floors you at $52
Break-even
$56.59
+2.47% from spot
Prob. of Target Hit
42%
IV-implied, 48d (rough)
Net Δ / Θ / V
71.64 / -2.34 / 6.78
per spread, per $1 move / day / vol pt
📋 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 — ship first.
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.
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.
"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.
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
| BKR Price | Today | Nov 16 | Dec 2 | Dec 18 (exp) |
|---|---|---|---|---|
| $44 (-20%) | -$455 | -$464 | -$467 | -$459 |
| $47 (-15%) | -$403 | -$429 | -$453 | -$459 |
| $50 (-10%) | -$313 | -$352 | -$402 | -$459 |
| $52 (-5%) | -$178 | -$222 | -$282 | -$412 |
| $54 (-2%) | -$75 | -$119 | -$174 | -$246 |
| $55 (0%) ← spot | +$0 | -$40 | -$90 | -$136 |
| $56 (+2%) | +$82 | +$45 | +$3 | -$26 |
| $58 (+5%) | +$214 | +$183 | +$153 | +$140 |
| $61 (+10%) ← target | +$477 | +$457 | +$443 | +$441 |
| $64 (+15%) | +$710 | +$699 | +$692 | +$692 |
| $66 (+20%) | +$977 | +$971 | +$969 | +$969 |
Uses BKR's current IV for repricing. P&L includes all legs (stock + options). Qty: 1x.