How are CTRI 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 CTRI long call priced from the end-of-day chain at a 30-day expiry (ATM IV 108.10%), the computed maximum profit is unbounded per contract and the computed maximum loss is -$575.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a CTRI long call?

The breakeven for the CTRI long call priced on this page is roughly $35.75 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 CTRI market-implied 1-standard-deviation expected move is approximately 30.99%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current CTRI implied volatility affect this long call?

CTRI ATM IV is at 108.10% with IV rank near 85.46%, 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.

CTRI Long Call Strategy

CTRI (Centuri Holdings, Inc.), in the Utilities sector, (Regulated Gas industry), listed on NYSE.

Centuri Holdings, Inc. delivers specialized utility infrastructure services across North America. The company's operations are divided into four key segments: Gas Utility Services in the U.S., Gas Utility Services in Canada, Union Electric Utility Services, and Non-Union Electric Utility Services. For natural gas distribution utilities, Centuri provides a comprehensive suite of services, including routine maintenance, system replacements, repairs, and new installations, all with an emphasis on modernizing their infrastructure. Similarly, within the electric utility sector, the company offers services ranging from the upkeep and replacement of existing systems to the repair, upgrade, and expansion of urban transmission and local distribution networks. Centuri's clientele primarily consists of electric, gas, and integrated utility providers. Furthermore, it extends its services to emerging markets such as renewable energy projects, data centers, and 5G telecommunications infrastructure.

CTRI (Centuri Holdings, Inc.) trades in the Utilities sector, specifically Regulated Gas, with a market capitalization of approximately $3.09B, a trailing P/E of 100.28, a beta of 1.06 versus the broader market, a 52-week range of 19.04-42.985, average daily share volume of 1.4M, a public-listing history dating back to 2024, approximately 9K full-time employees. These structural characteristics shape how CTRI stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 1.06 places CTRI roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. The trailing P/E of 100.28 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 long call on CTRI?

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 CTRI snapshot

As of June 29, 2026, spot at $30.36, ATM IV 108.10%, IV rank 85.46%, expected move 30.99%. The long call on CTRI 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 200-day expiry.

Why this long call structure on CTRI specifically: CTRI IV at 108.10% is rich versus its 1-year range, which makes a premium-buying CTRI long call relatively expensive in absolute-cost terms, with a market-implied 1-standard-deviation move of approximately 30.99% (roughly $9.41 on the underlying). The 200-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated CTRI expiries trade a higher absolute premium for lower per-day decay. Position sizing on CTRI should anchor to the underlying notional of $30.36 per share and to the trader's directional view on CTRI stock.

CTRI long call setup

The CTRI 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 CTRI near $30.36, the first option leg uses a $30.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed CTRI chain at a 200-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 CTRI shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Buy 1	Call	$30.00	$5.75

CTRI long call risk and reward

Net Premium / Debit: -$575.00
Max Profit (per contract): Unbounded
Max Loss (per contract): -$575.00
Breakeven(s): $35.75
Risk / Reward Ratio: Unbounded

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

CTRI long call payoff curve

Modeled P&L at expiration across a range of underlying prices for the long call on CTRI. 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%	-$575.00
$6.72	-77.9%	-$575.00
$13.43	-55.8%	-$575.00
$20.14	-33.6%	-$575.00
$26.86	-11.5%	-$575.00
$33.57	+10.6%	-$218.17
$40.28	+32.7%	+$452.99
$46.99	+54.8%	+$1,124.16
$53.70	+76.9%	+$1,795.33
$60.41	+99.0%	+$2,466.49

When traders use long call on CTRI

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

CTRI thesis for this long call

The market-implied 1-standard-deviation range for CTRI extends from approximately $20.95 on the downside to $39.77 on the upside. A CTRI 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 CTRI IV rank near 85.46% 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 CTRI at 108.10%. As a Utilities name, CTRI options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to CTRI-specific events.

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

Frequently asked questions

What is a long call on CTRI?: A long call on CTRI is the long call strategy applied to CTRI (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 CTRI stock trading near $30.36, the strikes shown on this page are snapped to the nearest listed CTRI chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
How are CTRI 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 CTRI long call priced from the end-of-day chain at a 30-day expiry (ATM IV 108.10%), the computed maximum profit is unbounded per contract and the computed maximum loss is -$575.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a CTRI long call?: The breakeven for the CTRI long call priced on this page is roughly $35.75 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 CTRI market-implied 1-standard-deviation expected move is approximately 30.99%; 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 CTRI?: Long calls on CTRI express a bullish thesis with defined risk; traders use them ahead of CTRI catalysts (earnings, product launches, macro events) when the expected upside justifies the premium and theta decay.
How does current CTRI implied volatility affect this long call?: CTRI ATM IV is at 108.10% with IV rank near 85.46%, 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.