Target Price Playground
CDNS
$359.55
🟢
CDNS IV: 42.6% — LOW
(-45.6% vs 30d avg of 78.3%)
Options are cheap vs 30d avg — good time to BUY options (long calls/puts, debit spreads).
Forward Projection
If price hits $315 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
Moderately bearish. Debit, capped max profit + loss.
🎯 Target
72d from today
⚙️ Legs
LONG PUT · $360 · Dec '26
Qty 1 · Premium $39.95 · Δ -0.45
SHORT PUT · $330 · Dec '26
Qty 1 · Premium $19.09 · Δ -0.28
P&L at Expiry
Stock (100 sh)
Bear Put Spread
Now
Target
💡 Stock vs Options at Target
If CDNS hits $315 by Dec 18: the bear put spread returns +$914 (43.8%) on $2,086 risked, vs $-4,455 (-12.4%) for 100 shares on $35,955. Options give 3.5× capital efficiency.
📅 Expiry
Options expire Dec 18, 2026 (72 days out). P&L shown is the value at expiry if CDNS is at $315. Use the 30d / 60d / 90d / 180d pills to compare different expiries.
📊 Projected Return
P&L if CDNS hits $315 by Dec 18
+$914
+43.8% on $2,086 risked
Max Profit
+$914
If the stock ≤ $330 at expiry
Max Loss
−$2,086
Net debit
Break-even
$339.14
-5.68% from spot
Prob. of Target Hit
54%
IV-implied, 72d (rough)
Net Δ / Θ / V
-17.13 / -2.53 / 11.11
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
| CDNS Price | Today | Oct 31 | Nov 24 | Dec 18 (exp) |
|---|---|---|---|---|
| $288 (-20%) | +$380 | +$516 | +$727 | +$914 |
| $306 (-15%) | +$123 | +$241 | +$465 | +$914 |
| $315 (-12%) ← target | -$27 | +$70 | +$267 | +$914 |
| $324 (-10%) | -$170 | -$100 | +$53 | +$914 |
| $342 (-5%) | -$476 | -$472 | -$456 | -$243 |
| $352 (-2%) | -$658 | -$694 | -$767 | -$1,322 |
| $360 (0%) ← spot | -$776 | -$837 | -$964 | -$2,041 |
| $367 (+2%) | -$889 | -$974 | -$1,147 | -$2,086 |
| $378 (+5%) | -$1,051 | -$1,164 | -$1,389 | -$2,086 |
| $396 (+10%) | -$1,290 | -$1,436 | -$1,693 | -$2,086 |
| $413 (+15%) | -$1,489 | -$1,645 | -$1,884 | -$2,086 |
| $431 (+20%) | -$1,648 | -$1,799 | -$1,991 | -$2,086 |
Uses CDNS's current IV for repricing. P&L includes all legs (stock + options). Qty: 1x.