How are MTYY 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 MTYY bull call spread priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 56.90%), the computed maximum profit is $0.00 per contract and the computed maximum loss is $0.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a MTYY bull call spread?

The breakeven for the MTYY bull call spread priced on this page is no defined breakeven on the modeled curve 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 MTYY market-implied 1-standard-deviation expected move in the same options snapshot is approximately 16.31%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

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

MTYY ATM IV is at 56.90% with IV rank near 7.48%, 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.

MTYY Bull Call Spread Strategy

MTYY (GraniteShares YieldBOOST MSTR ETF), in the Financial Services sector, (Asset Management - Leveraged industry), listed on NASDAQ.

The primary goal of this Fund is to generate current income for its investors. Its secondary objective is to provide exposure to the daily performance of MicroStrategy Inc. (MSTR) common stock. This is achieved by investing in other U.S.-regulated exchange-traded funds (ETFs) which are designed to deliver two times (200%) the daily percentage movement of MSTR shares, though there is a predetermined cap on the potential investment gains.

MTYY (GraniteShares YieldBOOST MSTR ETF) trades in the Financial Services sector, specifically Asset Management - Leveraged, with a market capitalization of approximately $1.5M, a beta of 0.69 versus the broader market, a 52-week range of 17.986-151.02, average daily share volume of 3K, a public-listing history dating back to 2025. These structural characteristics shape how MTYY etf options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 0.69 indicates MTYY has historically moved less than the broader market, dampening realized volatility and producing tighter expected-move bands per unit of dollar exposure. MTYY 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 MTYY?

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.

MTYY snapshot

As of August 14, 2026, spot at $17.55, ATM IV 56.90%, IV rank 7.48%, expected move 16.31%. The bull call spread on MTYY 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 35-day expiry.

Why this bull call spread structure on MTYY specifically: MTYY IV at 56.90% is on the cheap side of its 1-year range, which favors premium-buying structures like a MTYY bull call spread, with a market-implied 1-standard-deviation move of approximately 16.31% (roughly $2.86 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 MTYY expiries trade a higher absolute premium for lower per-day decay. Position sizing on MTYY should anchor to the underlying notional of $17.55 per share and to the trader's directional view on MTYY etf.

MTYY bull call spread setup

The MTYY 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 MTYY at $17.55 on that close, the first option leg uses a $18.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed MTYY 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 MTYY shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Buy 1	Call	$18.00	$0.87
Sell 1	Call	$18.00	$0.87

MTYY bull call spread risk and reward

Net Premium / Debit: $0.00
Max Profit (per contract): $0.00
Max Loss (per contract): $0.00
Breakeven(s): None on modeled curve
Risk / Reward Ratio: N/A

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.

MTYY bull call spread payoff curve

Modeled P&L at expiration across a range of underlying prices for the bull call spread on MTYY. 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	-99.9%	$0.00
$3.89	-77.8%	$0.00
$7.77	-55.7%	$0.00
$11.65	-33.6%	$0.00
$15.53	-11.5%	$0.00
$19.41	+10.6%	$0.00
$23.29	+32.7%	$0.00
$27.17	+54.8%	$0.00
$31.04	+76.9%	$0.00
$34.92	+99.0%	$0.00

When traders use bull call spread on MTYY

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

MTYY thesis for this bull call spread

The market-implied 1-standard-deviation range for MTYY extends from approximately $14.69 on the downside to $20.41 on the upside. A MTYY bull call spread caps both the risk and the reward of a bullish position; relative to an outright long call on MTYY, the spread reduces the cost basis but limits the maximum profit to the strike width minus net debit. Current MTYY IV rank near 7.48% 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 MTYY at 56.90%. As a Financial Services name, MTYY options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to MTYY-specific events.

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

Frequently asked questions

What is a bull call spread on MTYY?: A bull call spread on MTYY is the bull call spread strategy applied to MTYY (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 MTYY etf at $17.55 on the August 14, 2026 close, the strikes shown on this page are snapped to the nearest listed MTYY chain strike and the premiums come straight from that session's bid/ask midpoint.
How are MTYY 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 MTYY bull call spread priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 56.90%), the computed maximum profit is $0.00 per contract and the computed maximum loss is $0.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a MTYY bull call spread?: The breakeven for the MTYY bull call spread priced on this page is no defined breakeven on the modeled curve 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 MTYY market-implied 1-standard-deviation expected move in the same options snapshot is approximately 16.31%; 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 MTYY?: Bull call spreads on MTYY reduce the cost of a bullish MTYY 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 MTYY implied volatility affect this bull call spread?: MTYY ATM IV is at 56.90% with IV rank near 7.48%, 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.