How are CATH long call max profit and max loss calculated?

Max profit is unbounded; max loss equals the premium paid times 100. Breakeven is strike plus premium. For the CATH long call priced from the November 13, 2026 end-of-day chain at a 30-day expiry (ATM IV 15.70%), the computed maximum profit is unbounded per contract and the computed maximum loss is -$212.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a CATH long call?

The breakeven for the CATH long call priced on this page is roughly $91.13 at expiration, derived from the November 13, 2026 end-of-day chain's premiums. Breakeven is the underlying price at which the strategy's P&L crosses zero ignoring transaction costs and assignment risk. The CATH market-implied 1-standard-deviation expected move in the same options snapshot is approximately 4.50%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current CATH implied volatility affect this long call?

Current CATH ATM IV is 15.70%; IV rank context is unavailable in the current snapshot.

CATH Long Call Strategy

CATH (Global X - S&P 500 Catholic Values ETF), in the Financial Services sector, (Asset Management industry), listed on NASDAQ.

The Global X S&P 500 Catholic Values ETF (CATH) is designed to largely replicate the financial returns, encompassing both capital growth and income, of the S&P 500 Catholic Values Index. This mirroring of performance is considered prior to the impact of fund fees and expenses.

CATH (Global X - S&P 500 Catholic Values ETF) trades in the Financial Services sector, specifically Asset Management, with a market capitalization of approximately $1.36B, a beta of 1.03 versus the broader market, a 52-week range of 75.61-93.05, average daily share volume of 40K, a public-listing history dating back to 2016. These structural characteristics shape how CATH etf options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 1.03 places CATH roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. CATH pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.

What is a long call on CATH?

A long call buys upside exposure with a fixed maximum loss equal to the premium paid; profit accrues if the underlying closes above the strike plus premium at expiration.

CATH snapshot

As of November 13, 2026, spot at $89.39, ATM IV 15.70%, expected move 4.50%. The long call on CATH below is built from the November 13, 2026 end-of-day chain, with strikes snapped to listed contracts and premiums pulled from the bid/ask midpoint at a 35-day expiry.

Why this long call structure on CATH specifically: IV rank is unavailable in the current snapshot, so regime-based timing for CATH is inferred from ATM IV at 15.70% alone, with a market-implied 1-standard-deviation move of approximately 4.50% (roughly $4.02 on the underlying). The 35-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated CATH expiries trade a higher absolute premium for lower per-day decay. Position sizing on CATH should anchor to the underlying notional of $89.39 per share and to the trader's directional view on CATH etf.

CATH long call setup

The CATH long call below is built from the November 13, 2026 end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With CATH at $89.39 on that close, the first option leg uses a $89.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed CATH chain at a 35-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 CATH shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Buy 1	Call	$89.00	$2.13

CATH long call risk and reward

Net Premium / Debit: -$212.50
Max Profit (per contract): Unbounded
Max Loss (per contract): -$212.50
Breakeven(s): $91.13
Risk / Reward Ratio: Unbounded

Max profit is unbounded; max loss equals the premium paid times 100. Breakeven is strike plus premium.

CATH long call payoff curve

Modeled P&L at expiration across a range of underlying prices for the long call on CATH. 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.

P&L at expiration across the modeled underlying-price range. Green shading marks profitable regions, red shading marks loss regions. Dotted purple verticals mark breakevens; the solid dark vertical marks current spot.

Underlying Price	% From Spot	P&L at Expiration
$0.01	-100.0%	-$212.50
$19.77	-77.9%	-$212.50
$39.54	-55.8%	-$212.50
$59.30	-33.7%	-$212.50
$79.06	-11.6%	-$212.50
$98.83	+10.6%	+$770.26
$118.59	+32.7%	+$2,746.61
$138.35	+54.8%	+$4,722.96
$158.12	+76.9%	+$6,699.31
$177.88	+99.0%	+$8,675.67

When traders use long call on CATH

Long calls on CATH express a bullish thesis with defined risk; traders use them ahead of CATH catalysts (earnings, product launches, macro events) when the expected upside justifies the premium and theta decay.

CATH thesis for this long call

The market-implied 1-standard-deviation range for CATH extends from approximately $85.37 on the downside to $93.41 on the upside. A CATH long call expresses a directional view that the underlying closes above the strike plus premium at expiration, ideally with implied volatility holding or expanding to preserve extrinsic value through the hold period. As a Financial Services name, CATH options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to CATH-specific events.

CATH long call positions are structurally 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. CATH positions also carry Financial Services sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move CATH alongside the broader basket even when CATH-specific fundamentals are unchanged. Long-premium structures like a long call on CATH 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 CATH chain quotes before placing a trade.

Frequently asked questions

What is a long call on CATH?: A long call on CATH is the long call strategy applied to CATH (etf). The strategy is structurally bullish: A long call buys upside exposure with a fixed maximum loss equal to the premium paid; profit accrues if the underlying closes above the strike plus premium at expiration. With CATH etf at $89.39 on the November 13, 2026 close, the strikes shown on this page are snapped to the nearest listed CATH chain strike and the premiums come straight from that session's bid/ask midpoint.
How are CATH long call max profit and max loss calculated?: Max profit is unbounded; max loss equals the premium paid times 100. Breakeven is strike plus premium. For the CATH long call priced from the November 13, 2026 end-of-day chain at a 30-day expiry (ATM IV 15.70%), the computed maximum profit is unbounded per contract and the computed maximum loss is -$212.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a CATH long call?: The breakeven for the CATH long call priced on this page is roughly $91.13 at expiration, derived from the November 13, 2026 end-of-day chain's premiums. Breakeven is the underlying price at which the strategy's P&L crosses zero ignoring transaction costs and assignment risk. The CATH market-implied 1-standard-deviation expected move in the same options snapshot is approximately 4.50%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
When should you consider a long call on CATH?: Long calls on CATH express a bullish thesis with defined risk; traders use them ahead of CATH catalysts (earnings, product launches, macro events) when the expected upside justifies the premium and theta decay.
How does current CATH implied volatility affect this long call?: Current CATH ATM IV is 15.70%; IV rank context is unavailable in the current snapshot.