ACMR Covered Call Strategy
ACMR (ACM Research, Inc.), in the Technology sector, (Semiconductors industry), listed on NASDAQ.
ACM Research, Inc., along with its affiliated companies, is a global developer, manufacturer, and provider of specialized single-wafer wet cleaning systems. These crucial systems are designed to enhance manufacturing processes and improve the yield of integrated circuits across the globe. The company's innovative technological offerings include: Space Alternated Phase Shift (SAPS) technology: This system uniformly applies megasonic energy at a microscopic scale to both flat and patterned wafer surfaces by utilizing alternating phases of megasonic waves. Timely Energized Bubble Oscillation (TEBO) technology: Specifically engineered for patterned wafer surfaces at advanced process nodes, this technology precisely cleans intricate 2D and 3D patterned wafers. Tahoe technology: Providing superior cleaning performance, this solution significantly reduces the consumption of sulfuric acid and hydrogen peroxide. Electro-chemical plating technology: This offering facilitates advanced metal plating processes.
ACMR (ACM Research, Inc.) trades in the Technology sector, specifically Semiconductors, with a market capitalization of approximately $5.16B, a trailing P/E of 36.34, a beta of 1.97 versus the broader market, a 52-week range of 24.14-127.19, average daily share volume of 1.5M, a public-listing history dating back to 2017, approximately 3K 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 1.97 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 36.34 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.
ACMR snapshot
As of August 14, 2026, spot at $80.28, ATM IV 78.78%, IV rank 36.85%, expected move 22.59%. The covered call on ACMR 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 28-day expiry.
Why this covered call structure on ACMR specifically: ACMR IV at 78.78% 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 22.59% (roughly $18.13 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 $80.28 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 August 14, 2026 end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With ACMR at $80.28 on that close, the first option leg uses a $84.00 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 | $80.28 | long |
| Sell 1 | Call | $84.00 | $5.65 |
ACMR covered call risk and reward
- Net Premium / Debit
- -$7,463.00
- Max Profit (per contract)
- $937.00
- Max Loss (per contract)
- -$7,462.00
- Breakeven(s)
- $74.63
- Risk / Reward Ratio
- 0.126
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% | -$7,462.00 |
| $17.76 | -77.9% | -$5,687.08 |
| $35.51 | -55.8% | -$3,912.15 |
| $53.26 | -33.7% | -$2,137.23 |
| $71.01 | -11.6% | -$362.30 |
| $88.76 | +10.6% | +$937.00 |
| $106.51 | +32.7% | +$937.00 |
| $124.25 | +54.8% | +$937.00 |
| $142.00 | +76.9% | +$937.00 |
| $159.75 | +99.0% | +$937.00 |
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 $62.15 on the downside to $98.41 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 36.85% 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 at $80.28 on the August 14, 2026 close, the strikes shown on this page are snapped to the nearest listed ACMR chain strike and the premiums come straight from that session's 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 August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 78.78%), the computed maximum profit is $937.00 per contract and the computed maximum loss is -$7,462.00 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 $74.63 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 ACMR market-implied 1-standard-deviation expected move in the same options snapshot is approximately 22.59%; 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 78.78% with IV rank near 36.85%, 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.