How are AMOM bull call spread max profit and max loss calculated?

Max profit equals strike width minus net debit times 100; max loss equals net debit times 100. Breakeven is long-call strike plus net debit. For the AMOM bull call spread priced from the end-of-day chain at a 30-day expiry (ATM IV 29.70%), the computed maximum profit is $102.50 per contract and the computed maximum loss is -$97.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a AMOM bull call spread?

The breakeven for the AMOM bull call spread priced on this page is roughly $58.98 at expiration, derived from end-of-day chain premiums. Breakeven is the underlying price at which the strategy's P&L crosses zero ignoring transaction costs and assignment risk. The current AMOM market-implied 1-standard-deviation expected move is approximately 8.51%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current AMOM implied volatility affect this bull call spread?

AMOM ATM IV is at 29.70% with IV rank near 3.40%, which is on the low end of its 1-year range. Premium-buying structures (long call, long put, debit spreads) are relatively cheap in this regime; premium-selling structures collect less credit per unit risk.

AMOM Bull Call Spread Strategy

AMOM (QRAFT AI-Enhanced U.S. Large Cap Momentum ETF), in the Financial Services sector, (Asset Management industry), listed on AMEX.

The fund is an actively-managed ETF that seeks to achieve its investment objective by utilizing an investment strategy enhanced by the use of artificial intelligence. The fund invests at least 80% of its net assets, plus the amounts of any borrowings for investment purposes, in securities of U.S.-listed large capitalization companies. The Adviser consults a database generated by Qraft's AI Quantitative Investment System, which automatically evaluates and filters data according to parameters supporting a particular investment thesis. The fund is non-diversified.

AMOM (QRAFT AI-Enhanced U.S. Large Cap Momentum ETF) trades in the Financial Services sector, specifically Asset Management, with a market capitalization of approximately $30.7M, a beta of 1.43 versus the broader market, a 52-week range of 41.3-59.05, average daily share volume of 4K, a public-listing history dating back to 2019. These structural characteristics shape how AMOM etf options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 1.43 indicates AMOM has historically moved more than the broader market, amplifying both the directional payoff and the realized volatility relative to an index-equivalent position. AMOM pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.

What is a bull call spread on AMOM?

A bull call spread buys an at-the-money call and sells an out-of-the-money call at a higher strike for defined risk and defined reward bounded by the strike width.

Current AMOM snapshot

As of May 15, 2026, spot at $57.55, ATM IV 29.70%, IV rank 3.40%, expected move 8.51%. The bull call spread on AMOM below is built from the same end-of-day chain, with strikes snapped to listed contracts and premiums pulled from the bid/ask midpoint at a 63-day expiry.

Why this bull call spread structure on AMOM specifically: AMOM IV at 29.70% is on the cheap side of its 1-year range, which favors premium-buying structures like a AMOM bull call spread, with a market-implied 1-standard-deviation move of approximately 8.51% (roughly $4.90 on the underlying). The 63-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated AMOM expiries trade a higher absolute premium for lower per-day decay. Position sizing on AMOM should anchor to the underlying notional of $57.55 per share and to the trader's directional view on AMOM etf.

AMOM bull call spread setup

The AMOM bull call spread below is built from the end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With AMOM near $57.55, the first option leg uses a $58.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed AMOM chain at a 63-day expiry; the cross-strike IV skew is reflected directly in the per-leg values rather than approximated. Quantity sizing assumes one contract per option leg (or 100 AMOM shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Buy 1	Call	$58.00	$2.25
Sell 1	Call	$60.00	$1.28

AMOM bull call spread risk and reward

Net Premium / Debit: -$97.50
Max Profit (per contract): $102.50
Max Loss (per contract): -$97.50
Breakeven(s): $58.98
Risk / Reward Ratio: 1.051

Max profit equals strike width minus net debit times 100; max loss equals net debit times 100. Breakeven is long-call strike plus net debit.

AMOM bull call spread payoff curve

Modeled P&L at expiration across a range of underlying prices for the bull call spread on AMOM. Each row is one sampled price point from the computed payoff curve; the full curve uses 200 price points internally before being summarized into 10 rows here.

Underlying Price	% From Spot	P&L at Expiration
$0.01	-100.0%	-$97.50
$12.73	-77.9%	-$97.50
$25.46	-55.8%	-$97.50
$38.18	-33.7%	-$97.50
$50.90	-11.5%	-$97.50
$63.63	+10.6%	+$102.50
$76.35	+32.7%	+$102.50
$89.07	+54.8%	+$102.50
$101.80	+76.9%	+$102.50
$114.52	+99.0%	+$102.50

When traders use bull call spread on AMOM

Bull call spreads on AMOM reduce the cost of a bullish AMOM etf position by selling a higher-strike call; suited to moderate-move theses where price reaches but does not vastly exceed the short strike.

AMOM thesis for this bull call spread

The market-implied 1-standard-deviation range for AMOM extends from approximately $52.65 on the downside to $62.45 on the upside. A AMOM bull call spread caps both the risk and the reward of a bullish position; relative to an outright long call on AMOM, the spread reduces the cost basis but limits the maximum profit to the strike width minus net debit. Current AMOM IV rank near 3.40% sits in the lower third of its 1-year distribution, where IV often re-expands toward the mean; this favors premium-buying structures and disadvantages premium-selling structures on AMOM at 29.70%. As a Financial Services name, AMOM options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to AMOM-specific events.

AMOM bull call spread positions are structurally moderately bullish; the modeled P&L assumes European-style exercise at expiration and ignores early assignment, transaction costs, dividends paid before expiry on the stock leg (when present), and the bid-ask spread on the listed chain. AMOM positions also carry Financial Services sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move AMOM alongside the broader basket even when AMOM-specific fundamentals are unchanged. Long-premium structures like a bull call spread on AMOM are particularly exposed to IV-crush risk through scheduled events (earnings, FDA decisions, central-bank meetings) where IV typically contracts post-event regardless of the directional outcome. Always rebuild the position from current AMOM chain quotes before placing a trade.

Frequently asked questions

What is a bull call spread on AMOM?: A bull call spread on AMOM is the bull call spread strategy applied to AMOM (etf). The strategy is structurally moderately bullish: A bull call spread buys an at-the-money call and sells an out-of-the-money call at a higher strike for defined risk and defined reward bounded by the strike width. With AMOM etf trading near $57.55, the strikes shown on this page are snapped to the nearest listed AMOM chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
How are AMOM bull call spread max profit and max loss calculated?: Max profit equals strike width minus net debit times 100; max loss equals net debit times 100. Breakeven is long-call strike plus net debit. For the AMOM bull call spread priced from the end-of-day chain at a 30-day expiry (ATM IV 29.70%), the computed maximum profit is $102.50 per contract and the computed maximum loss is -$97.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a AMOM bull call spread?: The breakeven for the AMOM bull call spread priced on this page is roughly $58.98 at expiration, derived from end-of-day chain premiums. Breakeven is the underlying price at which the strategy's P&L crosses zero ignoring transaction costs and assignment risk. The current AMOM market-implied 1-standard-deviation expected move is approximately 8.51%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
When should you consider a bull call spread on AMOM?: Bull call spreads on AMOM reduce the cost of a bullish AMOM etf position by selling a higher-strike call; suited to moderate-move theses where price reaches but does not vastly exceed the short strike.
How does current AMOM implied volatility affect this bull call spread?: AMOM ATM IV is at 29.70% with IV rank near 3.40%, which is on the low end of its 1-year range. Premium-buying structures (long call, long put, debit spreads) are relatively cheap in this regime; premium-selling structures collect less credit per unit risk.