Sell OTM put for premium; get assigned if price drops.
๐ฏ Target
68d from today
โ๏ธ Legs
SHORT PUT ยท $325 ยท Sep '26
Qty 1 ยท Premium $9.0 ยท ฮ -0.25
P&L at Expiry
Stock (100 sh)Cash-Secured PutNowTarget
๐ก Stock vs Options at Target
If GOOG hits $375 by Sep 18:
the cash-secured put returns
+$900
(2.8%)
on $-900 credit (max loss $31,600), vs
+$1,997
(5.6%)
for 100 shares on $35,503.
Options give 0.5ร capital efficiency.
๐ Expiry
Options expire Sep 18, 2026
(68 days out).
P&L shown is the value at expiry if GOOG is at $375.
Use the 30d / 60d / 90d / 180d pills to compare different expiries.
Forward Projection
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.
Signal Backtest
"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.
๐ P&L Scenarios โ what happens at different prices and dates
GOOG Price
Today
Aug 3
Aug 26
Sep 18 (exp)
$284
(-20%)
-$3,512
-$3,354
-$3,204
-$3,198
$302
(-15%)
-$2,273
-$2,019
-$1,697
-$1,422
$320
(-10%)
-$1,279
-$967
-$531
+$353
$337
(-5%)
-$529
-$210
+$226
+$900
$348
(-2%)
-$186
+$115
+$503
+$900
$355
(0%)โ spot
+$3
+$285
+$630
+$900
$362
(+2%)
+$164
+$424
+$721
+$900
$375
(+6%)โ target
+$394
+$608
+$820
+$900
$391
(+10%)
+$587
+$746
+$873
+$900
$408
(+15%)
+$725
+$829
+$893
+$900
$426
(+20%)
+$805
+$869
+$898
+$900
Uses GOOG's current IV for repricing. P&L includes all legs (stock + options). Qty: 1x.