Buy a longer-dated put, sell a shorter-dated OTM put. Profits from time decay + a moderate drop.
๐ฏ Target
56d from today
โ๏ธ Legs
LONG PUT ยท $1600 ยท Nov '26
Qty 1 ยท Premium $288.5 ยท ฮ -0.42
SHORT PUT ยท $1520 ยท Oct '26
Qty 1 ยท Premium $177.8 ยท ฮ -0.38
P&L at Expiry
Stock (100 sh)Diagonal Put SpreadNowTarget
๐ก Stock vs Options at Target
If SNDK hits $1520 by Oct 16:
the diagonal put spread returns
+$9,800
(88.5%)
on $11,070 risked, vs
$-8,062
(-5.0%)
for 100 shares on $160,062.
Options give 17.7ร capital efficiency.
๐ Expiry
Options expire Oct 16, 2026
(56 days out).
P&L shown is the value at expiry if SNDK is at $1520.
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
SNDK Price
Today
Sep 8
Sep 27
Oct 16 (exp)
$1281
(-20%)
-$970
-$296
+$709
+$891
$1361
(-15%)
-$895
-$86
+$1,302
+$3,218
$1441
(-10%)
-$935
-$51
+$1,582
+$6,167
$1520
(-5%)โ target
-$1,083
-$187
+$1,517
+$9,718
$1569
(-2%)
-$1,223
-$348
+$1,313
+$7,331
$1601
(0%)โ spot
-$1,333
-$484
+$1,116
+$5,879
$1633
(+2%)
-$1,457
-$641
+$875
+$4,520
$1681
(+5%)
-$1,666
-$913
+$439
+$2,647
$1761
(+10%)
-$2,067
-$1,448
-$440
-$58
$1841
(+15%)
-$2,518
-$2,059
-$1,443
-$2,294
$1921
(+20%)
-$3,005
-$2,717
-$2,497
-$4,123
Uses SNDK's current IV for repricing. P&L includes all legs (stock + options). Qty: 1x.