How are CIGI long call max profit and max loss calculated?

Max profit is unbounded; max loss equals the premium paid times 100. Breakeven is strike plus premium. For the CIGI long call priced from the end-of-day chain at a 30-day expiry (ATM IV 342.10%), the computed maximum profit is unbounded per contract and the computed maximum loss is -$440.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a CIGI long call?

The breakeven for the CIGI long call priced on this page is roughly $99.40 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 CIGI market-implied 1-standard-deviation expected move is approximately 98.08%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current CIGI implied volatility affect this long call?

CIGI ATM IV is at 342.10% with IV rank near 73.67%, which is elevated relative to its 1-year range. Premium-selling structures (covered call, cash-secured put, iron condor) generally look more attractive when IV rank is high; premium-buying structures (long call, long put, debit spreads) are more expensive in that regime.

CIGI Long Call Strategy

CIGI (Colliers International Group Inc.), in the Real Estate sector, (Real Estate - Services industry), listed on NASDAQ.

Colliers International Group Inc., headquartered in Toronto, Canada, and established in 1972, offers a comprehensive suite of professional commercial real estate services and investment management solutions. The company serves a diverse clientele of corporate and institutional clients across broad geographies, including the Americas, Europe, the Middle East, Africa, and the Asia Pacific regions. Within their professional services, Colliers provides sales brokerage, which includes real estate transactions, debt origination, equity capital raising, market value opinions, acquisition advisory, and transaction management. Additionally, they offer landlord and tenant representation. Alongside these, the company delivers outsourcing and advisory services such as corporate and workplace solutions, valuation and strategic advisory, workplace strategy, loan servicing, property marketing, in-depth research, and engineering design services for specific end-markets including property and building, infrastructure, transportation, environmental, and telecommunications. Furthermore, their property management solutions encompass building operations and maintenance, facilities management, lease administration, property accounting and financial reporting, contract management, and construction management.

CIGI (Colliers International Group Inc.) trades in the Real Estate sector, specifically Real Estate - Services, with a market capitalization of approximately $4.62B, a trailing P/E of 40.06, a beta of 1.26 versus the broader market, a 52-week range of 88.38-171.51, average daily share volume of 257K, a public-listing history dating back to 1995, approximately 23K full-time employees. These structural characteristics shape how CIGI stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 1.26 places CIGI roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. The trailing P/E of 40.06 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. CIGI pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.

What is a long call on CIGI?

A long call buys upside exposure with a fixed maximum loss equal to the premium paid; profit accrues if the underlying closes above the strike plus premium at expiration.

Current CIGI snapshot

As of June 30, 2026, spot at $93.89, ATM IV 342.10%, IV rank 73.67%, expected move 98.08%. The long call on CIGI 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 52-day expiry.

Why this long call structure on CIGI specifically: CIGI IV at 342.10% is rich versus its 1-year range, which makes a premium-buying CIGI long call relatively expensive in absolute-cost terms, with a market-implied 1-standard-deviation move of approximately 98.08% (roughly $92.08 on the underlying). The 52-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated CIGI expiries trade a higher absolute premium for lower per-day decay. Position sizing on CIGI should anchor to the underlying notional of $93.89 per share and to the trader's directional view on CIGI stock.

CIGI long call setup

The CIGI long 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 CIGI near $93.89, the first option leg uses a $95.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed CIGI chain at a 52-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 CIGI shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Buy 1	Call	$95.00	$4.40

CIGI long call risk and reward

Net Premium / Debit: -$440.00
Max Profit (per contract): Unbounded
Max Loss (per contract): -$440.00
Breakeven(s): $99.40
Risk / Reward Ratio: Unbounded

Max profit is unbounded; max loss equals the premium paid times 100. Breakeven is strike plus premium.

CIGI long call payoff curve

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

P&L at expiration across the modeled underlying-price range. Green shading marks profitable regions, red shading marks loss regions. Dotted purple verticals mark breakevens; the solid dark vertical marks current spot.

Underlying Price	% From Spot	P&L at Expiration
$0.01	-100.0%	-$440.00
$20.77	-77.9%	-$440.00
$41.53	-55.8%	-$440.00
$62.29	-33.7%	-$440.00
$83.04	-11.6%	-$440.00
$103.80	+10.6%	+$440.25
$124.56	+32.7%	+$2,516.10
$145.32	+54.8%	+$4,591.94
$166.08	+76.9%	+$6,667.79
$186.84	+99.0%	+$8,743.64

When traders use long call on CIGI

Long calls on CIGI express a bullish thesis with defined risk; traders use them ahead of CIGI catalysts (earnings, product launches, macro events) when the expected upside justifies the premium and theta decay.

CIGI thesis for this long call

The market-implied 1-standard-deviation range for CIGI extends from approximately $1.81 on the downside to $185.97 on the upside. A CIGI long call expresses a directional view that the underlying closes above the strike plus premium at expiration, ideally with implied volatility holding or expanding to preserve extrinsic value through the hold period. Current CIGI IV rank near 73.67% sits in the upper third of its 1-year distribution, which historically reverts; this raises the bar for premium-buying structures and lowers it for premium-selling structures on CIGI at 342.10%. As a Real Estate name, CIGI options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to CIGI-specific events.

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

Frequently asked questions

What is a long call on CIGI?: A long call on CIGI is the long call strategy applied to CIGI (stock). The strategy is structurally bullish: A long call buys upside exposure with a fixed maximum loss equal to the premium paid; profit accrues if the underlying closes above the strike plus premium at expiration. With CIGI stock trading near $93.89, the strikes shown on this page are snapped to the nearest listed CIGI chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
How are CIGI long call max profit and max loss calculated?: Max profit is unbounded; max loss equals the premium paid times 100. Breakeven is strike plus premium. For the CIGI long call priced from the end-of-day chain at a 30-day expiry (ATM IV 342.10%), the computed maximum profit is unbounded per contract and the computed maximum loss is -$440.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a CIGI long call?: The breakeven for the CIGI long call priced on this page is roughly $99.40 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 CIGI market-implied 1-standard-deviation expected move is approximately 98.08%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
When should you consider a long call on CIGI?: Long calls on CIGI express a bullish thesis with defined risk; traders use them ahead of CIGI catalysts (earnings, product launches, macro events) when the expected upside justifies the premium and theta decay.
How does current CIGI implied volatility affect this long call?: CIGI ATM IV is at 342.10% with IV rank near 73.67%, which is elevated relative to its 1-year range. Premium-selling structures (covered call, cash-secured put, iron condor) generally look more attractive when IV rank is high; premium-buying structures (long call, long put, debit spreads) are more expensive in that regime.