Target Price Playground

Templates Custom Builder LEAP Simulator
REGN
$927.89
🟢
REGN IV: 36.7% — LOW (-49.8% vs 30d avg of 73.1%)
Options are cheap vs 30d avg — good time to BUY options (long calls/puts, debit spreads).
Forward Projection If price hits $970 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
Sell OTM put for premium; get assigned if price drops.

🎯 Target

48d from today

⚙️ Legs

SHORT PUT · $850 · Dec '26
Qty 1 · Premium $25.2 · Δ -0.21
P&L at Expiry Now $928 Target $970 $650 $928 $1206
Stock (100 sh) Cash-Secured Put Now Target
💡 Stock vs Options at Target

If REGN hits $970 by Dec 18: the cash-secured put returns +$2,520 (3.1%) on $-2,520 credit (max loss $82,480), vs +$4,211 (4.5%) for 100 shares on $92,789. Options give 0.7× capital efficiency.

📅 Expiry

Options expire Dec 18, 2026 (48 days out). P&L shown is the value at expiry if REGN is at $970. Use the 30d / 60d / 90d / 180d pills to compare different expiries.

📊 Projected Return

P&L if REGN hits $970 by Dec 18
+$2,520
+3.1% on $82,480 max loss
Max Profit
+$2,520
If the stock ≥ $850 at expiry
Max Loss
−$82,480
If stock → $0 after assignment
Break-even
$824.80
-11.11% from spot
Prob. of Target Hit
73%
IV-implied, 48d (rough)
Net Δ / Θ / V
21.43 / 33.18 / -109.24
per spread, per $1 move / day / vol pt
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📋 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.
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 ≥ 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.

📊 P&L Scenarios — what happens at different prices and dates

REGN Price Today Nov 16 Dec 2 Dec 18 (exp)
$742 (-20%) -$8,636 -$8,366 -$8,176 -$8,249
$789 (-15%) -$5,145 -$4,610 -$3,998 -$3,609
$835 (-10%) -$2,390 -$1,683 -$741 +$1,030
$882 (-5%) -$406 +$309 +$1,235 +$2,520
$909 (-2%) +$447 +$1,097 +$1,871 +$2,520
$928 (0%) ← spot +$895 +$1,484 +$2,129 +$2,520
$946 (+2%) +$1,261 +$1,779 +$2,294 +$2,520
$970 (+5%) ← target +$1,622 +$2,047 +$2,414 +$2,520
$1021 (+10%) +$2,110 +$2,356 +$2,503 +$2,520
$1067 (+15%) +$2,332 +$2,464 +$2,517 +$2,520
$1113 (+20%) +$2,438 +$2,502 +$2,520 +$2,520
Uses REGN's current IV for repricing. P&L includes all legs (stock + options). Qty: 1x.