AMRC Covered Call Strategy

AMRC (Ameresco, Inc.), in the Industrials sector, (Engineering & Construction industry), listed on NYSE.

Ameresco, Inc., a clean technology integrator, provides a portfolio of energy efficiency and renewable energy supply solutions in the United States, Canada, and internationally. It offers energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability, and renewable energy solutions for businesses and organizations. The company operates through U.S. Regions, U.S. Federal, Canada, and Non-Solar Distributed Generation segments. It designs, develops, engineers, and installs projects that reduce the energy, as well as operations and maintenance (O&M) costs of its customers' facilities.

AMRC (Ameresco, Inc.) trades in the Industrials sector, specifically Engineering & Construction, with a market capitalization of approximately $1.53B, a trailing P/E of 48.68, a beta of 2.55 versus the broader market, a 52-week range of 12.95-44.93, average daily share volume of 524K, a public-listing history dating back to 2010, approximately 2K full-time employees. These structural characteristics shape how AMRC stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 2.55 indicates AMRC 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 48.68 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 AMRC?

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 AMRC snapshot

As of May 15, 2026, spot at $33.41, ATM IV 81.30%, IV rank 47.07%, expected move 23.31%. The covered call on AMRC 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 covered call structure on AMRC specifically: AMRC IV at 81.30% is mid-range versus its 1-year history, so the credit collected on a AMRC covered call sits in line with its long-run distribution, with a market-implied 1-standard-deviation move of approximately 23.31% (roughly $7.79 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 AMRC expiries trade a higher absolute premium for lower per-day decay. Position sizing on AMRC should anchor to the underlying notional of $33.41 per share and to the trader's directional view on AMRC stock.

AMRC covered call setup

The AMRC 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 AMRC near $33.41, the first option leg uses a $35.08 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed AMRC 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 AMRC shares for the stock leg in covered calls and collars).

ActionTypeStrike / BasisPremium (est)
Buy 100 sharesStock$33.41long
Sell 1Call$35.08N/A

AMRC covered call 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 short-strike minus cost basis plus premium times 100; max loss is cost basis minus premium (at zero). Breakeven is cost basis minus premium.

AMRC covered call payoff curve

Modeled P&L at expiration across a range of underlying prices for the covered call on AMRC. 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 covered call on AMRC

Covered calls on AMRC are an income strategy run on existing AMRC stock positions; traders typically sell calls at 25-35 delta with 30-45 days to expiration to balance premium against upside cap.

AMRC thesis for this covered call

The market-implied 1-standard-deviation range for AMRC extends from approximately $25.62 on the downside to $41.20 on the upside. A AMRC covered call collects premium on an existing long AMRC position, trading off upside above the short call strike for immediate income; the short strike selection should reflect the trader's view on whether AMRC will breach that level within the expiration window. Current AMRC IV rank near 47.07% is mid-range against its 1-year distribution, so the IV signal is neutral; the covered call thesis on AMRC should anchor more to the directional view and the expected-move geometry. As a Industrials name, AMRC options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to AMRC-specific events.

AMRC 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. AMRC positions also carry Industrials sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move AMRC alongside the broader basket even when AMRC-specific fundamentals are unchanged. Short-premium structures like a covered call on AMRC carry tail risk when realized volatility exceeds the implied move; review historical AMRC earnings reactions and macro stress periods before sizing. Always rebuild the position from current AMRC chain quotes before placing a trade.

Frequently asked questions

What is a covered call on AMRC?
A covered call on AMRC is the covered call strategy applied to AMRC (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 AMRC stock trading near $33.41, the strikes shown on this page are snapped to the nearest listed AMRC chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
How are AMRC 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 AMRC covered call priced from the end-of-day chain at a 30-day expiry (ATM IV 81.30%), 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 AMRC covered call?
The breakeven for the AMRC covered call 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 AMRC market-implied 1-standard-deviation expected move is approximately 23.31%; 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 AMRC?
Covered calls on AMRC are an income strategy run on existing AMRC 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 AMRC implied volatility affect this covered call?
AMRC ATM IV is at 81.30% with IV rank near 47.07%, 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.

Related AMRC analysis