ACMR Covered Call Strategy
ACMR (ACM Research, Inc.), in the Technology sector, (Semiconductors industry), listed on NASDAQ.
ACM Research, Inc., together with its subsidiaries, develops, manufactures, and sells single-wafer wet cleaning equipment for enhancing the manufacturing process and yield for integrated chips worldwide. It offers space alternated phase shift technology for flat and patterned wafer surfaces, which employs alternating phases of megasonic waves to deliver megasonic energy in a uniform manner on a microscopic level; timely energized bubble oscillation technology for patterned wafer surfaces at advanced process nodes, which provides cleaning for 2D and 3D patterned wafers; Tahoe technology for delivering cleaning performance using less sulfuric acid and hydrogen peroxide; and electro-chemical plating technology for advanced metal plating. The company markets and sells its products under the Ultra C brand name through direct sales force and third-party representatives. ACM Research, Inc. was incorporated in 1998 and is headquartered in Fremont, California.
ACMR (ACM Research, Inc.) trades in the Technology sector, specifically Semiconductors, with a market capitalization of approximately $4.29B, a trailing P/E of 46.82, a beta of 1.82 versus the broader market, a 52-week range of 21.873-71.65, average daily share volume of 1.2M, a public-listing history dating back to 2017, approximately 2K full-time employees. These structural characteristics shape how ACMR stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.82 indicates ACMR has historically moved more than the broader market, amplifying both the directional payoff and the realized volatility relative to an index-equivalent position. The trailing P/E of 46.82 is on the rich side, which tends to correlate with higher earnings-window IV expansion as the market debates whether forward growth supports the multiple.
What is a covered call on ACMR?
A covered call pairs long stock with a short out-of-the-money call, collecting premium and capping upside above the short strike in exchange for income.
Current ACMR snapshot
As of May 15, 2026, spot at $63.48, ATM IV 83.51%, IV rank 60.33%, expected move 23.94%. The covered call on ACMR 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 28-day expiry.
Why this covered call structure on ACMR specifically: ACMR IV at 83.51% is mid-range versus its 1-year history, so the credit collected on a ACMR covered call sits in line with its long-run distribution, with a market-implied 1-standard-deviation move of approximately 23.94% (roughly $15.20 on the underlying). The 28-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated ACMR expiries trade a higher absolute premium for lower per-day decay. Position sizing on ACMR should anchor to the underlying notional of $63.48 per share and to the trader's directional view on ACMR stock.
ACMR covered call setup
The ACMR covered call below is built from the end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With ACMR near $63.48, the first option leg uses a $67.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed ACMR chain at a 28-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 ACMR shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 100 shares | Stock | $63.48 | long |
| Sell 1 | Call | $67.00 | $4.65 |
ACMR covered call risk and reward
- Net Premium / Debit
- -$5,883.00
- Max Profit (per contract)
- $817.00
- Max Loss (per contract)
- -$5,882.00
- Breakeven(s)
- $58.83
- Risk / Reward Ratio
- 0.139
Max profit equals short-strike minus cost basis plus premium times 100; max loss is cost basis minus premium (at zero). Breakeven is cost basis minus premium.
ACMR covered call payoff curve
Modeled P&L at expiration across a range of underlying prices for the covered call on ACMR. 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% | -$5,882.00 |
| $14.04 | -77.9% | -$4,478.53 |
| $28.08 | -55.8% | -$3,075.07 |
| $42.11 | -33.7% | -$1,671.60 |
| $56.15 | -11.5% | -$268.13 |
| $70.18 | +10.6% | +$817.00 |
| $84.22 | +32.7% | +$817.00 |
| $98.25 | +54.8% | +$817.00 |
| $112.29 | +76.9% | +$817.00 |
| $126.32 | +99.0% | +$817.00 |
When traders use covered call on ACMR
Covered calls on ACMR are an income strategy run on existing ACMR stock positions; traders typically sell calls at 25-35 delta with 30-45 days to expiration to balance premium against upside cap.
ACMR thesis for this covered call
The market-implied 1-standard-deviation range for ACMR extends from approximately $48.28 on the downside to $78.68 on the upside. A ACMR covered call collects premium on an existing long ACMR position, trading off upside above the short call strike for immediate income; the short strike selection should reflect the trader's view on whether ACMR will breach that level within the expiration window. Current ACMR IV rank near 60.33% is mid-range against its 1-year distribution, so the IV signal is neutral; the covered call thesis on ACMR should anchor more to the directional view and the expected-move geometry. As a Technology name, ACMR options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to ACMR-specific events.
ACMR covered call positions are structurally neutral to slightly 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. ACMR positions also carry Technology sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move ACMR alongside the broader basket even when ACMR-specific fundamentals are unchanged. Short-premium structures like a covered call on ACMR carry tail risk when realized volatility exceeds the implied move; review historical ACMR earnings reactions and macro stress periods before sizing. Always rebuild the position from current ACMR chain quotes before placing a trade.
Frequently asked questions
- What is a covered call on ACMR?
- A covered call on ACMR is the covered call strategy applied to ACMR (stock). The strategy is structurally neutral to slightly bullish: A covered call pairs long stock with a short out-of-the-money call, collecting premium and capping upside above the short strike in exchange for income. With ACMR stock trading near $63.48, the strikes shown on this page are snapped to the nearest listed ACMR chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are ACMR covered call max profit and max loss calculated?
- Max profit equals short-strike minus cost basis plus premium times 100; max loss is cost basis minus premium (at zero). Breakeven is cost basis minus premium. For the ACMR covered call priced from the end-of-day chain at a 30-day expiry (ATM IV 83.51%), the computed maximum profit is $817.00 per contract and the computed maximum loss is -$5,882.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a ACMR covered call?
- The breakeven for the ACMR covered call priced on this page is roughly $58.83 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 ACMR market-implied 1-standard-deviation expected move is approximately 23.94%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
- When should you consider a covered call on ACMR?
- Covered calls on ACMR are an income strategy run on existing ACMR stock positions; traders typically sell calls at 25-35 delta with 30-45 days to expiration to balance premium against upside cap.
- How does current ACMR implied volatility affect this covered call?
- ACMR ATM IV is at 83.51% with IV rank near 60.33%, which is mid-range against its 1-year history. Strategy selection depends more on directional thesis and expected move than on a strong IV signal.