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, sell OTM call for income. Caps upside.
🎯 Target
48d from today
⚙️ Legs
LONG 100 SHARES
@ $467.61 · Δ 1.00
SHORT CALL · $510 · Dec '26
Qty 1 · Premium $19.2 · Δ 0.37
P&L at Expiry
Stock (100 sh)
Covered Call
Now
Target
💡 Stock vs Options at Target
If SNPS hits $510 by Dec 18: the covered call returns +$6,159 (13.7%) on $44,841 risked, vs +$4,239 (9.1%) for 100 shares on $46,761. Options give 1.5× 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
+$6,159
+13.7% on $44,841 risked
Max Profit
+$6,159
If the stock ≥ $510 at expiry
Max Loss
−$44,841
If stock → $0 (minus premium received)
Break-even
$448.41
-4.11% from spot
Prob. of Target Hit
59%
IV-implied, 48d (rough)
Net Δ / Θ / V
62.93 / 37.31 / -62.19
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%) | -$7,531 | -$7,458 | -$7,433 | -$7,432 |
| $397 (-15%) | -$5,337 | -$5,182 | -$5,101 | -$5,094 |
| $421 (-10%) | -$3,271 | -$2,999 | -$2,797 | -$2,756 |
| $444 (-5%) | -$1,387 | -$977 | -$583 | -$418 |
| $458 (-2%) | -$364 | +$128 | +$657 | +$985 |
| $468 (0%) ← spot | +$270 | +$810 | +$1,428 | +$1,920 |
| $477 (+2%) | +$862 | +$1,445 | +$2,144 | +$2,855 |
| $491 (+5%) | +$1,671 | +$2,305 | +$3,100 | +$4,258 |
| $510 (+9%) ← target | +$2,617 | +$3,286 | +$4,146 | +$6,159 |
| $538 (+15%) | +$3,701 | +$4,356 | +$5,163 | +$6,159 |
| $561 (+20%) | +$4,372 | +$4,967 | +$5,637 | +$6,159 |
Uses SNPS's current IV for repricing. P&L includes all legs (stock + options). Qty: 1x.