ADIG Bull Call Spread Strategy
ADIG (ADI Global Distribution Inc.), in the Industrials sector, (Industrial - Distribution industry), listed on NYSE.
ADI Global Distribution, Inc. engages in the distribution of third-party low-voltage products. Its products include security and audio-visual solutions. The company was founded by Maurice Coleman in 1929 and is headquartered in Huntington, NY.
ADIG (ADI Global Distribution Inc.) trades in the Industrials sector, specifically Industrial - Distribution, with a market capitalization of approximately $1.35B, a trailing P/E of 296.86, a beta of 0.00 versus the broader market, a 52-week range of 19.53-30.99, average daily share volume of 1.0M, a public-listing history dating back to 2026, approximately 4K full-time employees. These structural characteristics shape how ADIG stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 0.00 indicates ADIG has historically moved less than the broader market, dampening realized volatility and producing tighter expected-move bands per unit of dollar exposure. The trailing P/E of 296.86 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 bull call spread on ADIG?
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.
ADIG snapshot
As of September 29, 2026, spot at $18.80, ATM IV 79.50%, expected move 22.79%. The bull call spread on ADIG below is built from the end-of-day chain, with strikes snapped to listed contracts and premiums pulled from the bid/ask midpoint at a 17-day expiry.
Why this bull call spread structure on ADIG specifically: IV rank is unavailable in the current snapshot, so regime-based timing for ADIG is inferred from ATM IV at 79.50% alone, with a market-implied 1-standard-deviation move of approximately 22.79% (roughly $4.28 on the underlying). The 17-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated ADIG expiries trade a higher absolute premium for lower per-day decay. Position sizing on ADIG should anchor to the underlying notional of $18.80 per share and to the trader's directional view on ADIG stock.
ADIG bull call spread setup
The ADIG bull call spread below is built from the end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With ADIG at $18.80 on that close, the first option leg uses a $18.80 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed ADIG chain at a 17-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 ADIG shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 1 | Call | $18.80 | N/A |
| Sell 1 | Call | $19.74 | N/A |
ADIG bull call spread risk and reward
- Net Premium / Debit
- N/A
- Max Profit (per contract)
- Unbounded
- Max Loss (per contract)
- Unbounded
- 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.
ADIG bull call spread payoff curve
Modeled P&L at expiration across a range of underlying prices for the bull call spread on ADIG. 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.
When traders use bull call spread on ADIG
Bull call spreads on ADIG reduce the cost of a bullish ADIG stock position by selling a higher-strike call; suited to moderate-move theses where price reaches but does not vastly exceed the short strike.
ADIG thesis for this bull call spread
The market-implied 1-standard-deviation range for ADIG extends from approximately $14.52 on the downside to $23.08 on the upside. A ADIG bull call spread caps both the risk and the reward of a bullish position; relative to an outright long call on ADIG, the spread reduces the cost basis but limits the maximum profit to the strike width minus net debit. As a Industrials name, ADIG options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to ADIG-specific events.
ADIG 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. ADIG positions also carry Industrials sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move ADIG alongside the broader basket even when ADIG-specific fundamentals are unchanged. Long-premium structures like a bull call spread on ADIG 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 ADIG chain quotes before placing a trade.
Frequently asked questions
- What is a bull call spread on ADIG?
- A bull call spread on ADIG is the bull call spread strategy applied to ADIG (stock). 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 ADIG stock at $18.80 on the most recent close, the strikes shown on this page are snapped to the nearest listed ADIG chain strike and the premiums come straight from that session's bid/ask midpoint.
- How are ADIG 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 ADIG bull call spread priced from the end-of-day chain at a 30-day expiry (ATM IV 79.50%), the computed maximum profit is unbounded per contract and the computed maximum loss is unbounded per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a ADIG bull call spread?
- The breakeven for the ADIG bull call spread priced on this page is no defined breakeven on the modeled curve at expiration, derived from the 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 ADIG market-implied 1-standard-deviation expected move in the same options snapshot is approximately 22.79%; 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 ADIG?
- Bull call spreads on ADIG reduce the cost of a bullish ADIG stock 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 ADIG implied volatility affect this bull call spread?
- Current ADIG ATM IV is 79.50%; IV rank context is unavailable in the current snapshot.