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 $405 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 bullish. Debit, capped max profit + loss.
🎯 Target
72d from today
⚙️ Legs
LONG CALL · $360 · Dec '26
Qty 1 · Premium $29.49 · Δ 0.55
SHORT CALL · $390 · Dec '26
Qty 1 · Premium $17.29 · Δ 0.39
P&L at Expiry
Stock (100 sh)
Bull Call Spread
Now
Target
💡 Stock vs Options at Target
If CDNS hits $405 by Dec 18: the bull call spread returns +$1,780 (145.9%) on $1,220 risked, vs +$4,545 (12.6%) for 100 shares on $35,955. Options give 11.6× capital efficiency.
📅 Expiry
Options expire Dec 18, 2026 (72 days out). P&L shown is the value at expiry if CDNS is at $405. Use the 30d / 60d / 90d / 180d pills to compare different expiries.
📊 Projected Return
P&L if CDNS hits $405 by Dec 18
+$1,780
+145.9% on $1,220 risked
Max Profit
+$1,780
If the stock ≥ $390 at expiry
Max Loss
−$1,220
Net debit
Break-even
$372.20
+3.52% from spot
Prob. of Target Hit
53%
IV-implied, 72d (rough)
Net Δ / Θ / V
16.52 / -1.5 / 4.66
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%) | -$964 | -$1,070 | -$1,185 | -$1,220 |
| $306 (-15%) | -$794 | -$920 | -$1,102 | -$1,220 |
| $324 (-10%) | -$575 | -$697 | -$917 | -$1,220 |
| $342 (-5%) | -$319 | -$409 | -$602 | -$1,220 |
| $352 (-2%) | -$154 | -$214 | -$355 | -$1,220 |
| $360 (0%) ← spot | -$41 | -$78 | -$173 | -$1,220 |
| $367 (+2%) | +$72 | +$60 | +$18 | -$546 |
| $378 (+5%) | +$241 | +$267 | +$308 | +$533 |
| $396 (+10%) | +$512 | +$597 | +$762 | +$1,780 |
| $405 (+13%) ← target | +$646 | +$757 | +$971 | +$1,780 |
| $413 (+15%) | +$759 | +$889 | +$1,133 | +$1,780 |
| $431 (+20%) | +$975 | +$1,132 | +$1,400 | +$1,780 |
Uses CDNS's current IV for repricing. P&L includes all legs (stock + options). Qty: 1x.