| If stock is | Price | Structure value | P&L (value − IC) |
|---|---|---|---|
| +0% vs spot | $29.07 | $49,329 | $-34,271 |
| +62% vs spot | $47.03 | $121,801 | $+38,201 |
| +93% vs spot | $56.02 | $155,980 | $+72,380 |
| TARGET | $65.00 | $190,117 | $+106,517 |
| +154% vs spot | $73.98 | $224,251 | $+140,651 |
Each row: what ASST Jan '29 is worth on the target date (18d / 0.6mo of life still left) if the stock lands at that price. Mid-life Black-Scholes marks (leg IV: LC 100%, SP 99%, HP 100%, implied from each leg’s own quote when the feed gave iv=0), so time value / roll-room is retained — not expiry intrinsic. P&L = value minus what you paid to open (IC $83,600).
Ranked #1 of 132 valid structures by value at target per dollar of max loss (size-invariant). Score = value-at-target / ml × roll-room shaping.
| # | Structure | Expiry | Ct | Max Loss | BE | Value @ Target | ROI | Roll-room | Min OI | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 2 | +$15C −$27P +$20P | Jan-29 (854d) | 37 | $99,900 | $35 | $185,115 | 111% | 0.6mo | 2 | 1.853 |
| 3 | +$20C −$27P +$23P | Jan-29 (854d) | 41 | $99,835 | $40 | $184,669 | 101% | 0.6mo | 3 | 1.850 |
| 4 | +$18C −$27P +$23P | Jan-29 (854d) | 38 | $97,850 | $40 | $178,741 | 98% | 0.6mo | 2 | 1.827 |
| 5 | +$15C −$18P +$15P | Jan-29 (854d) | 36 | $99,900 | $40 | $180,112 | 91% | 0.6mo | 0 | 1.803 |
| 6 | +$15C −$23P +$20P | Jan-29 (854d) | 36 | $99,900 | $40 | $180,112 | 91% | 0.6mo | 2 | 1.803 |