Buy a longer-dated put, sell a shorter-dated OTM put. Profits from time decay + a moderate drop.
๐ฏ Target
64d from today
โ๏ธ Legs
LONG PUT ยท $2180 ยท Sep '26
Qty 1 ยท Premium $646.8 ยท ฮ -0.39
SHORT PUT ยท $2080 ยท Aug '26
Qty 1 ยท Premium $395.49 ยท ฮ -0.37
P&L at Expiry
Stock (100 sh)Diagonal Put SpreadNowTarget
๐ก Stock vs Options at Target
If SNDK hits $2080 by Aug 21:
the diagonal put spread returns
+$6,081
(24.2%)
on $25,131 risked, vs
$-10,477
(-4.8%)
for 100 shares on $218,477.
Options give 5.0ร capital efficiency.
๐ Expiry
Options expire Aug 21, 2026
(64 days out).
P&L shown is the value at expiry if SNDK is at $2080.
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
Jul 9
Jul 30
Aug 21 (exp)
$1748
(-20%)
-$12,274
-$11,234
-$9,574
-$8,270
$1857
(-15%)
-$12,217
-$11,050
-$9,013
-$4,851
$1966
(-10%)
-$12,255
-$11,018
-$8,751
-$625
$2080
(-5%)โ target
-$12,389
-$11,141
-$8,805
+$4,629
$2141
(-2%)
-$12,496
-$11,267
-$8,965
+$1,694
$2185
(0%)โ spot
-$12,588
-$11,381
-$9,132
-$262
$2228
(+2%)
-$12,690
-$11,514
-$9,338
-$2,101
$2294
(+5%)
-$12,863
-$11,745
-$9,716
-$4,647
$2403
(+10%)
-$13,196
-$12,204
-$10,499
-$8,366
$2512
(+15%)
-$13,577
-$12,739
-$11,425
-$11,488
$2622
(+20%)
-$13,995
-$13,330
-$12,443
-$14,085
Uses SNDK's current IV for repricing. P&L includes all legs (stock + options). Qty: 1x.