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 $445 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
Buy a longer-dated put, sell a shorter-dated OTM put. Profits from time decay + a moderate drop.
🎯 Target
48d from today
⚙️ Legs
LONG PUT · $470 · Jan '27
Qty 1 · Premium $30.6 · Δ -0.46
SHORT PUT · $445 · Dec '26
Qty 1 · Premium $19.22 · Δ -0.34
P&L at Expiry
Stock (100 sh)
Diagonal Put Spread
Now
Target
💡 Stock vs Options at Target
If SNPS hits $445 by Dec 18: the diagonal put spread returns +$2,608 (229.1%) on $1,138 risked, vs $-2,261 (-4.8%) for 100 shares on $46,761. Options give 47.7× capital efficiency.
📅 Expiry
Options expire Dec 18, 2026 (48 days out). P&L shown is the value at expiry if SNPS is at $445. Use the 30d / 60d / 90d / 180d pills to compare different expiries.
📊 Projected Return
P&L if SNPS hits $445 by Dec 18
+$2,608
+229.1% on $1,138 risked
Max Profit
+$2,537
If the stock price is favorable
Max Loss
−$1,075
Worst-case within chart range
Break-even
$504.74
+7.94% from spot
Prob. of Target Hit
77%
IV-implied, 48d (rough)
Net Δ / Θ / V
-12.17 / 3.01 / 22.27
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%) | +$1,297 | +$1,357 | +$1,382 | +$1,282 |
| $397 (-15%) | +$1,258 | +$1,370 | +$1,499 | +$1,454 |
| $421 (-10%) | +$1,151 | +$1,297 | +$1,528 | +$1,829 |
| $445 (-5%) ← target | +$965 | +$1,106 | +$1,359 | +$2,530 |
| $458 (-2%) | +$834 | +$955 | +$1,171 | +$1,751 |
| $468 (0%) ← spot | +$733 | +$833 | +$1,006 | +$1,272 |
| $477 (+2%) | +$626 | +$702 | +$822 | +$853 |
| $491 (+5%) | +$459 | +$494 | +$528 | +$328 |
| $514 (+10%) | +$175 | +$144 | +$51 | -$302 |
| $538 (+15%) | -$94 | -$178 | -$347 | -$689 |
| $561 (+20%) | -$333 | -$448 | -$640 | -$910 |
Uses SNPS's current IV for repricing. P&L includes all legs (stock + options). Qty: 1x.