How are CTEC 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 CTEC bull call spread priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 41.50%), the computed maximum profit is $196.00 per contract and the computed maximum loss is -$104.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a CTEC bull call spread?

The breakeven for the CTEC bull call spread priced on this page is roughly $61.04 at expiration, derived from the August 14, 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 CTEC market-implied 1-standard-deviation expected move in the same options snapshot is approximately 11.90%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

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

CTEC ATM IV is at 41.50% with IV rank near 5.79%, 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.

CTEC Bull Call Spread Strategy

CTEC (Global X - CleanTech ETF), in the Financial Services sector, (Asset Management - Global industry), listed on NASDAQ.

The Global X CleanTech ETF, known by its ticker CTEC, endeavors to replicate the overall price and dividend performance, net of applicable fees and operational costs, of the Indxx Global CleanTech Index.

CTEC (Global X - CleanTech ETF) trades in the Financial Services sector, specifically Asset Management - Global, with a market capitalization of approximately $26.5M, a beta of 2.06 versus the broader market, a 52-week range of 40.4-83.01, average daily share volume of 4K, a public-listing history dating back to 2020. These structural characteristics shape how CTEC etf options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 2.06 indicates CTEC has historically moved more than the broader market, amplifying both the directional payoff and the realized volatility relative to an index-equivalent position. CTEC 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 CTEC?

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.

CTEC snapshot

As of August 14, 2026, spot at $59.64, ATM IV 41.50%, IV rank 5.79%, expected move 11.90%. The bull call spread on CTEC below is built from the August 14, 2026 end-of-day chain, with strikes snapped to listed contracts and premiums pulled from the bid/ask midpoint at a 7-day expiry.

Why this bull call spread structure on CTEC specifically: CTEC IV at 41.50% is on the cheap side of its 1-year range, which favors premium-buying structures like a CTEC bull call spread, with a market-implied 1-standard-deviation move of approximately 11.90% (roughly $7.10 on the underlying). The 7-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated CTEC expiries trade a higher absolute premium for lower per-day decay. Position sizing on CTEC should anchor to the underlying notional of $59.64 per share and to the trader's directional view on CTEC etf.

CTEC bull call spread setup

The CTEC bull call spread below is built from the August 14, 2026 end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With CTEC at $59.64 on that close, the first option leg uses a $60.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed CTEC chain at a 7-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 CTEC shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Buy 1	Call	$60.00	$1.82
Sell 1	Call	$63.00	$0.78

CTEC bull call spread risk and reward

Net Premium / Debit: -$104.00
Max Profit (per contract): $196.00
Max Loss (per contract): -$104.00
Breakeven(s): $61.04
Risk / Reward Ratio: 1.885

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.

CTEC bull call spread payoff curve

Modeled P&L at expiration across a range of underlying prices for the bull call spread on CTEC. 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%	-$104.00
$13.20	-77.9%	-$104.00
$26.38	-55.8%	-$104.00
$39.57	-33.7%	-$104.00
$52.75	-11.5%	-$104.00
$65.94	+10.6%	+$196.00
$79.12	+32.7%	+$196.00
$92.31	+54.8%	+$196.00
$105.50	+76.9%	+$196.00
$118.68	+99.0%	+$196.00

When traders use bull call spread on CTEC

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

CTEC thesis for this bull call spread

The market-implied 1-standard-deviation range for CTEC extends from approximately $52.54 on the downside to $66.74 on the upside. A CTEC bull call spread caps both the risk and the reward of a bullish position; relative to an outright long call on CTEC, the spread reduces the cost basis but limits the maximum profit to the strike width minus net debit. Current CTEC IV rank near 5.79% 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 CTEC at 41.50%. As a Financial Services name, CTEC options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to CTEC-specific events.

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

Frequently asked questions

What is a bull call spread on CTEC?: A bull call spread on CTEC is the bull call spread strategy applied to CTEC (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 CTEC etf at $59.64 on the August 14, 2026 close, the strikes shown on this page are snapped to the nearest listed CTEC chain strike and the premiums come straight from that session's bid/ask midpoint.
How are CTEC 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 CTEC bull call spread priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 41.50%), the computed maximum profit is $196.00 per contract and the computed maximum loss is -$104.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a CTEC bull call spread?: The breakeven for the CTEC bull call spread priced on this page is roughly $61.04 at expiration, derived from the August 14, 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 CTEC market-implied 1-standard-deviation expected move in the same options snapshot is approximately 11.90%; 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 CTEC?: Bull call spreads on CTEC reduce the cost of a bullish CTEC 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 CTEC implied volatility affect this bull call spread?: CTEC ATM IV is at 41.50% with IV rank near 5.79%, 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.