Target Price Playground
FTNT
$172.37
๐ข
FTNT IV: 55.9% โ LOW
(-26.3% vs 30d avg of 75.8%)
Options are cheap vs 30d avg โ good time to BUY options (long calls/puts, debit spreads).
Forward Projection
If price hits $195 by Nov 20
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
Moderately bullish. Debit, capped max profit + loss.
๐ฏ Target
65d from today
โ๏ธ Legs
LONG CALL ยท $170 ยท Nov '26
Qty 1 ยท Premium $19.15 ยท ฮ 0.59
SHORT CALL ยท $185 ยท Nov '26
Qty 1 ยท Premium $12.5 ยท ฮ 0.45
P&L at Expiry
Stock (100 sh)
Bull Call Spread
Now
Target
๐ก Stock vs Options at Target
If FTNT hits $195 by Nov 20: the bull call spread returns +$835 (125.6%) on $665 risked, vs +$2,263 (13.1%) for 100 shares on $17,237. Options give 9.6ร capital efficiency.
๐ Expiry
Options expire Nov 20, 2026 (65 days out). P&L shown is the value at expiry if FTNT is at $195. Use the 30d / 60d / 90d / 180d pills to compare different expiries.
๐ Projected Return
P&L if FTNT hits $195 by Nov 20
+$835
+125.6% on $665 risked
Max Profit
+$835
If the stock โฅ $185 at expiry
Max Loss
โ$665
Net debit
Break-even
$176.65
+2.48% from spot
Prob. of Target Hit
56%
IV-implied, 65d (rough)
Net ฮ / ฮ / V
13.74 / -0.14 / -1.51
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
| FTNT Price | Today | Oct 7 | Oct 29 | Nov 20 (exp) |
|---|---|---|---|---|
| $138 (-20%) | -$488 | -$545 | -$624 | -$665 |
| $147 (-15%) | -$397 | -$456 | -$559 | -$665 |
| $155 (-10%) | -$289 | -$339 | -$443 | -$665 |
| $164 (-5%) | -$168 | -$199 | -$275 | -$665 |
| $169 (-2%) | -$93 | -$109 | -$156 | -$665 |
| $172 (0%) โ spot | -$42 | -$48 | -$71 | -$428 |
| $176 (+2%) | +$9 | +$14 | +$15 | -$83 |
| $181 (+5%) | +$84 | +$105 | +$144 | +$434 |
| $190 (+10%) | +$204 | +$250 | +$342 | +$835 |
| $195 (+13%) โ target | +$274 | +$332 | +$448 | +$835 |
| $198 (+15%) | +$314 | +$379 | +$504 | +$835 |
| $207 (+20%) | +$411 | +$488 | +$626 | +$835 |
Uses FTNT's current IV for repricing. P&L includes all legs (stock + options). Qty: 1x.