Target Price Playground
SNPS
$467.61
🟢
SNPS IV: 43.1% — LOW
(-56.7% vs 30d avg of 99.6%)
Options are cheap vs 30d avg — good time to BUY options (long calls/puts, debit spreads).
Forward Projection
If price hits $410 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
Moderately bearish. Debit, capped max profit + loss.
🎯 Target
48d from today
⚙️ Legs
LONG PUT · $470 · Dec '26
Qty 1 · Premium $37.3 · Δ -0.47
SHORT PUT · $430 · Dec '26
Qty 1 · Premium $19.1 · Δ -0.3
P&L at Expiry
Stock (100 sh)
Bear Put Spread
Now
Target
💡 Stock vs Options at Target
If SNPS hits $410 by Dec 18: the bear put spread returns +$2,180 (119.8%) on $1,820 risked, vs $-5,761 (-12.3%) for 100 shares on $46,761. Options give 9.7× capital efficiency.
📅 Expiry
Options expire Dec 18, 2026 (48 days out). P&L shown is the value at expiry if SNPS is at $410. Use the 30d / 60d / 90d / 180d pills to compare different expiries.
📊 Projected Return
P&L if SNPS hits $410 by Dec 18
+$2,180
+119.8% on $1,820 risked
Max Profit
+$2,180
If the stock ≤ $430 at expiry
Max Loss
−$1,820
Net debit
Break-even
$451.80
-3.38% from spot
Prob. of Target Hit
46%
IV-implied, 48d (rough)
Net Δ / Θ / V
-17.44 / -2.67 / 11.55
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
| SNPS Price | Today | Nov 16 | Dec 2 | Dec 18 (exp) |
|---|---|---|---|---|
| $374 (-20%) | +$1,653 | +$1,825 | +$2,052 | +$2,180 |
| $397 (-15%) | +$1,293 | +$1,466 | +$1,765 | +$2,180 |
| $410 (-12%) ← target | +$1,063 | +$1,211 | +$1,498 | +$2,180 |
| $421 (-10%) | +$848 | +$963 | +$1,201 | +$2,180 |
| $444 (-5%) | +$361 | +$377 | +$419 | +$757 |
| $458 (-2%) | +$69 | +$20 | -$77 | -$646 |
| $468 (0%) ← spot | -$120 | -$208 | -$389 | -$1,581 |
| $477 (+2%) | -$301 | -$425 | -$673 | -$1,820 |
| $491 (+5%) | -$554 | -$720 | -$1,034 | -$1,820 |
| $514 (+10%) | -$917 | -$1,119 | -$1,447 | -$1,820 |
| $538 (+15%) | -$1,201 | -$1,401 | -$1,666 | -$1,820 |
| $561 (+20%) | -$1,411 | -$1,583 | -$1,764 | -$1,820 |
Uses SNPS's current IV for repricing. P&L includes all legs (stock + options). Qty: 1x.