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 $510 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
Own stock + buy put as insurance against downside.
🎯 Target
48d from today
⚙️ Legs
LONG 100 SHARES
@ $467.61 · Δ 1.00
LONG PUT · $445 · Dec '26
Qty 1 · Premium $19.22 · Δ -0.34
P&L at Expiry
Stock (100 sh)
Protective Put
Now
Target
💡 Stock vs Options at Target
If SNPS hits $510 by Dec 18: the protective put returns +$2,317 (4.8%) on $48,683 risked, vs +$4,239 (9.1%) for 100 shares on $46,761. Options give 0.5× capital efficiency.
📅 Expiry
Options expire Dec 18, 2026 (48 days out). P&L shown is the value at expiry if SNPS is at $510. Use the 30d / 60d / 90d / 180d pills to compare different expiries.
📊 Projected Return
P&L if SNPS hits $510 by Dec 18
+$2,317
+4.8% on $48,683 risked
Max Profit
Unlimited
Unlimited upside (minus put cost)
Max Loss
−$4,183
Put floors you at $445
Break-even
$486.83
+4.11% from spot
Prob. of Target Hit
59%
IV-implied, 48d (rough)
Net Δ / Θ / V
66.15 / -27.47 / 62.03
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%) | -$3,891 | -$4,078 | -$4,213 | -$4,183 |
| $397 (-15%) | -$3,351 | -$3,676 | -$4,023 | -$4,183 |
| $421 (-10%) | -$2,532 | -$2,970 | -$3,524 | -$4,183 |
| $444 (-5%) | -$1,412 | -$1,905 | -$2,563 | -$4,183 |
| $458 (-2%) | -$598 | -$1,093 | -$1,744 | -$2,857 |
| $468 (0%) ← spot | -$0 | -$484 | -$1,104 | -$1,922 |
| $477 (+2%) | +$638 | +$173 | -$400 | -$987 |
| $491 (+5%) | +$1,667 | +$1,243 | +$759 | +$416 |
| $510 (+9%) ← target | +$3,177 | +$2,822 | +$2,471 | +$2,317 |
| $538 (+15%) | +$5,572 | +$5,323 | +$5,133 | +$5,092 |
| $561 (+20%) | +$7,715 | +$7,543 | +$7,442 | +$7,430 |
Uses SNPS's current IV for repricing. P&L includes all legs (stock + options). Qty: 1x.