Sell OTM put for premium; get assigned if price drops.
๐ฏ Target
64d from today
โ๏ธ Legs
SHORT PUT ยท $1040 ยท Aug '26
Qty 1 ยท Premium $132.35 ยท ฮ -0.33
P&L at Expiry
Stock (100 sh)Cash-Secured PutNowTarget
๐ก Stock vs Options at Target
If MU hits $1190 by Aug 21:
the cash-secured put returns
+$13,235
(14.6%)
on $-13,235 credit (max loss $90,765), vs
+$5,601
(4.9%)
for 100 shares on $113,399.
Options give 3.0ร capital efficiency.
๐ Expiry
Options expire Aug 21, 2026
(64 days out).
P&L shown is the value at expiry if MU is at $1190.
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
MU Price
Today
Jul 9
Jul 30
Aug 21 (exp)
$907
(-20%)
-$8,089
-$5,919
-$3,215
-$46
$964
(-15%)
-$5,075
-$2,681
+$429
+$5,624
$1021
(-10%)
-$2,419
+$122
+$3,480
+$11,294
$1077
(-5%)
-$98
+$2,515
+$5,955
+$13,235
$1111
(-2%)
+$1,145
+$3,767
+$7,185
+$13,235
$1134
(0%)โ spot
+$1,916
+$4,532
+$7,906
+$13,235
$1157
(+2%)
+$2,643
+$5,242
+$8,555
+$13,235
$1190
(+5%)โ target
+$3,634
+$6,194
+$9,387
+$13,235
$1247
(+10%)
+$5,144
+$7,600
+$10,523
+$13,235
$1304
(+15%)
+$6,417
+$8,735
+$11,344
+$13,235
$1361
(+20%)
+$7,499
+$9,657
+$11,934
+$13,235
Uses MU's current IV for repricing. P&L includes all legs (stock + options). Qty: 1x.