FUBO Long Call Strategy
FUBO (fuboTV Inc.), in the Communication Services sector, (Broadcasting industry), listed on NYSE.
fuboTV Inc. operates a live TV streaming platform for live sports, news, and entertainment content in the United States and internationally. Its fuboTV platform allows customers to access content through streaming devices, as well as on SmartTVs, computers, mobile phones, and tablets. The company is headquartered in New York, New York.
FUBO (fuboTV Inc.) trades in the Communication Services sector, specifically Broadcasting, with a market capitalization of approximately $1.08B, a beta of 2.51 versus the broader market, a 52-week range of 8.31-56.64, average daily share volume of 1.8M, a public-listing history dating back to 2019, approximately 590 full-time employees. These structural characteristics shape how FUBO stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 2.51 indicates FUBO has historically moved more than the broader market, amplifying both the directional payoff and the realized volatility relative to an index-equivalent position.
What is a long call on FUBO?
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 FUBO snapshot
As of May 14, 2026, spot at $9.78, ATM IV 83.79%, IV rank 13.59%, expected move 24.02%. The long call on FUBO 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 28-day expiry.
Why this long call structure on FUBO specifically: FUBO IV at 83.79% is on the cheap side of its 1-year range, which favors premium-buying structures like a FUBO long call, with a market-implied 1-standard-deviation move of approximately 24.02% (roughly $2.35 on the underlying). The 28-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated FUBO expiries trade a higher absolute premium for lower per-day decay. Position sizing on FUBO should anchor to the underlying notional of $9.78 per share and to the trader's directional view on FUBO stock.
FUBO long call setup
The FUBO 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 FUBO near $9.78, the first option leg uses a $10.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed FUBO chain at a 28-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 FUBO shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 1 | Call | $10.00 | $0.72 |
FUBO long call risk and reward
- Net Premium / Debit
- -$71.50
- Max Profit (per contract)
- Unbounded
- Max Loss (per contract)
- -$71.50
- Breakeven(s)
- $10.72
- Risk / Reward Ratio
- Unbounded
Max profit is unbounded; max loss equals the premium paid times 100. Breakeven is strike plus premium.
FUBO long call payoff curve
Modeled P&L at expiration across a range of underlying prices for the long call on FUBO. 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.
| Underlying Price | % From Spot | P&L at Expiration |
|---|---|---|
| $0.01 | -99.9% | -$71.50 |
| $2.17 | -77.8% | -$71.50 |
| $4.33 | -55.7% | -$71.50 |
| $6.49 | -33.6% | -$71.50 |
| $8.66 | -11.5% | -$71.50 |
| $10.82 | +10.6% | +$10.15 |
| $12.98 | +32.7% | +$226.28 |
| $15.14 | +54.8% | +$442.41 |
| $17.30 | +76.9% | +$658.55 |
| $19.46 | +99.0% | +$874.68 |
When traders use long call on FUBO
Long calls on FUBO express a bullish thesis with defined risk; traders use them ahead of FUBO catalysts (earnings, product launches, macro events) when the expected upside justifies the premium and theta decay.
FUBO thesis for this long call
The market-implied 1-standard-deviation range for FUBO extends from approximately $7.43 on the downside to $12.13 on the upside. A FUBO 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 FUBO IV rank near 13.59% 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 FUBO at 83.79%. As a Communication Services name, FUBO options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to FUBO-specific events.
FUBO 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. FUBO positions also carry Communication Services sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move FUBO alongside the broader basket even when FUBO-specific fundamentals are unchanged. Long-premium structures like a long call on FUBO 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 FUBO chain quotes before placing a trade.
Frequently asked questions
- What is a long call on FUBO?
- A long call on FUBO is the long call strategy applied to FUBO (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 FUBO stock trading near $9.78, the strikes shown on this page are snapped to the nearest listed FUBO chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are FUBO 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 FUBO long call priced from the end-of-day chain at a 30-day expiry (ATM IV 83.79%), the computed maximum profit is unbounded per contract and the computed maximum loss is -$71.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a FUBO long call?
- The breakeven for the FUBO long call priced on this page is roughly $10.72 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 FUBO market-implied 1-standard-deviation expected move is approximately 24.02%; 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 FUBO?
- Long calls on FUBO express a bullish thesis with defined risk; traders use them ahead of FUBO catalysts (earnings, product launches, macro events) when the expected upside justifies the premium and theta decay.
- How does current FUBO implied volatility affect this long call?
- FUBO ATM IV is at 83.79% with IV rank near 13.59%, 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.