Target Price Playground
KLAC
$197.46
🟢
KLAC IV: 51.1% — LOW
(-35.8% vs 30d avg of 79.6%)
Options are cheap vs 30d avg — good time to BUY options (long calls/puts, debit spreads).
Forward Projection
If price hits $215 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
Own stock, sell OTM call for income. Caps upside.
🎯 Target
72d from today
⚙️ Legs
LONG 100 SHARES
@ $197.46 · Δ 1.00
SHORT CALL · $215 · Dec '26
Qty 1 · Premium $18.3 · Δ 0.42
P&L at Expiry
Stock (100 sh)
Covered Call
Now
Target
💡 Stock vs Options at Target
If KLAC hits $215 by Dec 18: the covered call returns +$3,584 (20.0%) on $17,916 risked, vs +$1,754 (8.9%) for 100 shares on $19,746. Options give 2.2× capital efficiency.
📅 Expiry
Options expire Dec 18, 2026 (72 days out). P&L shown is the value at expiry if KLAC is at $215. Use the 30d / 60d / 90d / 180d pills to compare different expiries.
📊 Projected Return
P&L if KLAC hits $215 by Dec 18
+$3,584
+20.0% on $17,916 risked
Max Profit
+$3,584
If the stock ≥ $215 at expiry
Max Loss
−$17,916
If stock → $0 (minus premium received)
Break-even
$179.16
-9.27% from spot
Prob. of Target Hit
70%
IV-implied, 72d (rough)
Net Δ / Θ / V
57.63 / 14.23 / -35.97
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
| KLAC Price | Today | Oct 31 | Nov 24 | Dec 18 (exp) |
|---|---|---|---|---|
| $158 (-20%) | -$2,308 | -$2,196 | -$2,128 | -$2,119 |
| $168 (-15%) | -$1,465 | -$1,296 | -$1,164 | -$1,132 |
| $178 (-10%) | -$687 | -$457 | -$236 | -$145 |
| $188 (-5%) | +$16 | +$306 | +$625 | +$843 |
| $194 (-2%) | +$398 | +$719 | +$1,096 | +$1,435 |
| $197 (0%) ← spot | +$636 | +$975 | +$1,386 | +$1,830 |
| $201 (+2%) | +$861 | +$1,216 | +$1,656 | +$2,225 |
| $207 (+5%) | +$1,173 | +$1,546 | +$2,021 | +$2,817 |
| $215 (+9%) ← target | +$1,533 | +$1,921 | +$2,419 | +$3,584 |
| $217 (+10%) | +$1,628 | +$2,018 | +$2,518 | +$3,584 |
| $227 (+15%) | +$2,007 | +$2,395 | +$2,883 | +$3,584 |
| $237 (+20%) | +$2,317 | +$2,689 | +$3,134 | +$3,584 |
Uses KLAC's current IV for repricing. P&L includes all legs (stock + options). Qty: 1x.