AISP Bull Call Spread Strategy

AISP (Airship AI Holdings, Inc.), in the Technology sector, (Software - Infrastructure industry), listed on NASDAQ.

Airship AI Holdings, Inc. provides AI-driven video, sensor, and data management surveillance platform in the United States. The company offers Airship Acropolis OS, an IP and analog video surveillance; Airship Command, a suite of visualization tools that allows users to view data and evidence ingested from the edge; and Airship Outpost foe high-definition recording with user defined low-bit rate video stream encoding. It serves government, public sector, law enforcement, military, and commercial enterprise organizations. The company was formerly known as Super Simple AI, Inc. and changed its name to Airship AI Holdings, Inc. on March 2023. Airship AI Holdings, Inc. was founded in 2006 and is headquartered in Redmond, Washington.

AISP (Airship AI Holdings, Inc.) trades in the Technology sector, specifically Software - Infrastructure, with a market capitalization of approximately $85.1M, a trailing P/E of 17.36, a beta of 0.40 versus the broader market, a 52-week range of 2.03-7.2, average daily share volume of 483K, a public-listing history dating back to 2021, approximately 53 full-time employees. These structural characteristics shape how AISP stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 0.40 indicates AISP has historically moved less than the broader market, dampening realized volatility and producing tighter expected-move bands per unit of dollar exposure.

What is a bull call spread on AISP?

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.

Current AISP snapshot

As of May 15, 2026, spot at $2.41, ATM IV 103.90%, IV rank 24.20%, expected move 29.79%. The bull call spread on AISP 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 34-day expiry.

Why this bull call spread structure on AISP specifically: AISP IV at 103.90% is on the cheap side of its 1-year range, which favors premium-buying structures like a AISP bull call spread, with a market-implied 1-standard-deviation move of approximately 29.79% (roughly $0.72 on the underlying). The 34-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated AISP expiries trade a higher absolute premium for lower per-day decay. Position sizing on AISP should anchor to the underlying notional of $2.41 per share and to the trader's directional view on AISP stock.

AISP bull call spread setup

The AISP 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 AISP near $2.41, the first option leg uses a $2.41 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed AISP chain at a 34-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 AISP shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Buy 1	Call	$2.41	N/A
Sell 1	Call	$2.53	N/A

AISP 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.

AISP bull call spread payoff curve

Modeled P&L at expiration across a range of underlying prices for the bull call spread on AISP. 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 AISP

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

AISP thesis for this bull call spread

The market-implied 1-standard-deviation range for AISP extends from approximately $1.69 on the downside to $3.13 on the upside. A AISP bull call spread caps both the risk and the reward of a bullish position; relative to an outright long call on AISP, the spread reduces the cost basis but limits the maximum profit to the strike width minus net debit. Current AISP IV rank near 24.20% 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 AISP at 103.90%. As a Technology name, AISP options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to AISP-specific events.

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

Frequently asked questions

What is a bull call spread on AISP?: A bull call spread on AISP is the bull call spread strategy applied to AISP (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 AISP stock trading near $2.41, the strikes shown on this page are snapped to the nearest listed AISP chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
How are AISP 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 AISP bull call spread priced from the end-of-day chain at a 30-day expiry (ATM IV 103.90%), 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 AISP bull call spread?: The breakeven for the AISP bull call spread priced on this page is no defined breakeven on the modeled curve 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 AISP market-implied 1-standard-deviation expected move is approximately 29.79%; 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 AISP?: Bull call spreads on AISP reduce the cost of a bullish AISP 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 AISP implied volatility affect this bull call spread?: AISP ATM IV is at 103.90% with IV rank near 24.20%, 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.