How are FDS 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 FDS long call priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 48.60%), the computed maximum profit is unbounded per contract and the computed maximum loss is -$1,930.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a FDS long call?

The breakeven for the FDS long call priced on this page is roughly $299.30 at expiration, derived from the August 14, 2026 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 FDS market-implied 1-standard-deviation expected move in the same options snapshot is approximately 13.93%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current FDS implied volatility affect this long call?

FDS ATM IV is at 48.60% with IV rank near 53.39%, 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.

FDS Long Call Strategy

FDS (FactSet Research Systems Inc.), in the Financial Services sector, (Financial - Data & Stock Exchanges industry), listed on NYSE.

FactSet Research Systems Inc. is a financial intelligence firm providing a comprehensive suite of integrated data and analytical software. The company serves the global investment community, with its operations spanning the Americas, Europe, the Middle East, Africa, and the Asia Pacific region. FactSet delivers critical insights and information through specialized workflow solutions covering research, analytics, and trading, complemented by its content, technology platforms, and wealth management resources. Its diverse clientele includes portfolio managers, investment banks, asset managers, wealth advisors, corporate entities, and various other financial sector organizations. FactSet was established in 1978 and is headquartered in Norwalk, Connecticut.

FDS (FactSet Research Systems Inc.) trades in the Financial Services sector, specifically Financial - Data & Stock Exchanges, with a market capitalization of approximately $10.08B, a trailing P/E of 18.44, a beta of 0.69 versus the broader market, a 52-week range of 185-387.75, average daily share volume of 938K, a public-listing history dating back to 1996, approximately 13K full-time employees. These structural characteristics shape how FDS stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 0.69 indicates FDS has historically moved less than the broader market, dampening realized volatility and producing tighter expected-move bands per unit of dollar exposure. FDS pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.

What is a long call on FDS?

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.

FDS snapshot

As of August 14, 2026, spot at $283.93, ATM IV 48.60%, IV rank 53.39%, expected move 13.93%. The long call on FDS below is built from the August 14, 2026 end-of-day chain, with strikes snapped to listed contracts and premiums pulled from the bid/ask midpoint at a 35-day expiry.

Why this long call structure on FDS specifically: FDS IV at 48.60% is mid-range versus its 1-year history, so strategy selection should anchor more to the directional thesis than to the IV regime, with a market-implied 1-standard-deviation move of approximately 13.93% (roughly $39.56 on the underlying). The 35-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated FDS expiries trade a higher absolute premium for lower per-day decay. Position sizing on FDS should anchor to the underlying notional of $283.93 per share and to the trader's directional view on FDS stock.

FDS long call setup

The FDS long call below is built from the August 14, 2026 end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With FDS at $283.93 on that close, the first option leg uses a $280.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed FDS chain at a 35-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 FDS shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Buy 1	Call	$280.00	$19.30

FDS long call risk and reward

Net Premium / Debit: -$1,930.00
Max Profit (per contract): Unbounded
Max Loss (per contract): -$1,930.00
Breakeven(s): $299.30
Risk / Reward Ratio: Unbounded

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

FDS long call payoff curve

Modeled P&L at expiration across a range of underlying prices for the long call on FDS. 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%	-$1,930.00
$62.79	-77.9%	-$1,930.00
$125.56	-55.8%	-$1,930.00
$188.34	-33.7%	-$1,930.00
$251.12	-11.6%	-$1,930.00
$313.90	+10.6%	+$1,459.69
$376.67	+32.7%	+$7,737.43
$439.45	+54.8%	+$14,015.17
$502.23	+76.9%	+$20,292.91
$565.01	+99.0%	+$26,570.65

When traders use long call on FDS

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

FDS thesis for this long call

The market-implied 1-standard-deviation range for FDS extends from approximately $244.37 on the downside to $323.49 on the upside. A FDS 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 FDS IV rank near 53.39% is mid-range against its 1-year distribution, so the IV signal is neutral; the long call thesis on FDS should anchor more to the directional view and the expected-move geometry. As a Financial Services name, FDS options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to FDS-specific events.

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

Frequently asked questions

What is a long call on FDS?: A long call on FDS is the long call strategy applied to FDS (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 FDS stock at $283.93 on the August 14, 2026 close, the strikes shown on this page are snapped to the nearest listed FDS chain strike and the premiums come straight from that session's bid/ask midpoint.
How are FDS 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 FDS long call priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 48.60%), the computed maximum profit is unbounded per contract and the computed maximum loss is -$1,930.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a FDS long call?: The breakeven for the FDS long call priced on this page is roughly $299.30 at expiration, derived from the August 14, 2026 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 FDS market-implied 1-standard-deviation expected move in the same options snapshot is approximately 13.93%; 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 FDS?: Long calls on FDS express a bullish thesis with defined risk; traders use them ahead of FDS catalysts (earnings, product launches, macro events) when the expected upside justifies the premium and theta decay.
How does current FDS implied volatility affect this long call?: FDS ATM IV is at 48.60% with IV rank near 53.39%, 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.