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 $540 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
Bet on big move in either direction. Two premiums paid.
🎯 Target
48d from today
⚙️ Legs
LONG CALL · $470 · Dec '26
Qty 1 · Premium $33.3 · Δ 0.54
LONG PUT · $470 · Dec '26
Qty 1 · Premium $37.3 · Δ -0.47
P&L at Expiry
Stock (100 sh)
Long Straddle
Now
Target
💡 Stock vs Options at Target
If SNPS hits $540 by Dec 18: the long straddle returns $-60 (-0.8%) on $7,060 risked, vs +$7,239 (15.5%) for 100 shares on $46,761. Options give 0.1× capital efficiency.
📅 Expiry
Options expire Dec 18, 2026 (48 days out). P&L shown is the value at expiry if SNPS is at $540. Use the 30d / 60d / 90d / 180d pills to compare different expiries.
📊 Projected Return
P&L if SNPS hits $540 by Dec 18
$-60
-0.8% on $7,060 risked
Max Profit
Unlimited
Unlimited on a big move
Max Loss
−$7,060
Both premiums paid
Break-even
$399.40
-14.59% from spot
Prob. of Target Hit
35%
IV-implied, 48d (rough)
Net Δ / Θ / V
6.6 / -75.92 / 134.94
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%) | +$2,839 | +$2,580 | +$2,463 | +$2,531 |
| $397 (-15%) | +$1,174 | +$659 | +$243 | +$193 |
| $421 (-10%) | -$49 | -$840 | -$1,685 | -$2,145 |
| $444 (-5%) | -$740 | -$1,754 | -$3,014 | -$4,483 |
| $458 (-2%) | -$880 | -$1,980 | -$3,402 | -$5,886 |
| $468 (0%) ← spot | -$860 | -$1,991 | -$3,469 | -$6,821 |
| $477 (+2%) | -$750 | -$1,892 | -$3,380 | -$6,364 |
| $491 (+5%) | -$425 | -$1,549 | -$2,974 | -$4,961 |
| $514 (+10%) | +$503 | -$512 | -$1,682 | -$2,623 |
| $540 (+15%) ← target | +$1,988 | +$1,156 | +$339 | -$60 |
| $561 (+20%) | +$3,496 | +$2,828 | +$2,265 | +$2,053 |
Uses SNPS's current IV for repricing. P&L includes all legs (stock + options). Qty: 1x.