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
Bullish. Unlimited upside, capped loss = premium paid.
🎯 Target
72d from today
⚙️ Legs
LONG CALL · $360 · Dec '26
Qty 1 · Premium $29.49 · Δ 0.55
P&L at Expiry
Stock (100 sh)
Long Call
Now
Target
💡 Stock vs Options at Target
If CDNS hits $405 by Dec 18: the long call returns +$1,551 (52.6%) on $2,949 risked, vs +$4,545 (12.6%) for 100 shares on $35,955. Options give 4.2× 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
+$1,551
+52.6% on $2,949 risked
Max Profit
Unlimited
Unlimited upside
Max Loss
−$2,949
Premium paid
Break-even
$389.49
+8.33% from spot
Prob. of Target Hit
53%
IV-implied, 72d (rough)
Net Δ / Θ / V
55.41 / -21.33 / 63.1
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%) | -$2,483 | -$2,725 | -$2,909 | -$2,949 |
| $306 (-15%) | -$2,110 | -$2,463 | -$2,803 | -$2,949 |
| $324 (-10%) | -$1,571 | -$2,028 | -$2,546 | -$2,949 |
| $342 (-5%) | -$849 | -$1,384 | -$2,050 | -$2,949 |
| $352 (-2%) | -$326 | -$890 | -$1,610 | -$2,949 |
| $360 (0%) ← spot | +$59 | -$517 | -$1,255 | -$2,949 |
| $367 (+2%) | +$472 | -$109 | -$850 | -$2,275 |
| $378 (+5%) | +$1,142 | +$566 | -$156 | -$1,196 |
| $396 (+10%) | +$2,383 | +$1,840 | +$1,202 | +$602 |
| $405 (+13%) ← target | +$3,094 | +$2,577 | +$1,999 | +$1,551 |
| $413 (+15%) | +$3,758 | +$3,269 | +$2,747 | +$2,399 |
| $431 (+20%) | +$5,243 | +$4,819 | +$4,413 | +$4,197 |
Uses CDNS's current IV for repricing. P&L includes all legs (stock + options). Qty: 1x.