HTB Bull Call Spread Strategy
HTB (HomeTrust Bancshares, Inc.), in the Financial Services sector, (Banks - Regional industry), listed on NYSE.
HomeTrust Bancshares, Inc. serves as the holding company for HomeTrust Bank, providing a comprehensive array of retail and commercial banking products and services. Its deposit offerings include savings, money market, and demand accounts, along with certificates of deposit, catering to individuals, businesses, and nonprofit organizations. The company's lending activities encompass various retail consumer loans, such as financing for one-to-four-family real estate, home equity lines of credit, construction and land/lot acquisition, indirect auto loans, and general consumer credit. For commercial clients, it offers loans for commercial real estate, construction and development, and industrial purposes. Additionally, the company provides specialized financial services like Small Business Administration loans, equipment finance leases, indirect automobile loans, and municipal leases, alongside cash management and online/mobile banking capabilities. As of June 30, 2021, HomeTrust Bancshares, Inc. managed 41 branches spread across North Carolina, Upstate South Carolina, East Tennessee, and Southwest Virginia.
HTB (HomeTrust Bancshares, Inc.) trades in the Financial Services sector, specifically Banks - Regional, with a market capitalization of approximately $824.1M, a trailing P/E of 12.21, a beta of 0.81 versus the broader market, a 52-week range of 36.98-49.6, average daily share volume of 86K, a public-listing history dating back to 2011, approximately 539 full-time employees. These structural characteristics shape how HTB stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 0.81 places HTB roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. HTB pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.
What is a bull call spread on HTB?
A bull call spread buys an at-the-money call and sells an out-of-the-money call at a higher strike for defined risk and defined reward bounded by the strike width.
Current HTB snapshot
As of June 30, 2026, spot at $49.83, ATM IV 61.00%, IV rank 26.67%, expected move 17.49%. The bull call spread on HTB 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 17-day expiry.
Why this bull call spread structure on HTB specifically: HTB IV at 61.00% is on the cheap side of its 1-year range, which favors premium-buying structures like a HTB bull call spread, with a market-implied 1-standard-deviation move of approximately 17.49% (roughly $8.71 on the underlying). The 17-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated HTB expiries trade a higher absolute premium for lower per-day decay. Position sizing on HTB should anchor to the underlying notional of $49.83 per share and to the trader's directional view on HTB stock.
HTB bull call spread setup
The HTB bull call spread below is built from the end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With HTB near $49.83, the first option leg uses a $49.83 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed HTB chain at a 17-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 HTB shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 1 | Call | $49.83 | N/A |
| Sell 1 | Call | $52.32 | N/A |
HTB bull call spread 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 strike width minus net debit times 100; max loss equals net debit times 100. Breakeven is long-call strike plus net debit.
HTB bull call spread payoff curve
Modeled P&L at expiration across a range of underlying prices for the bull call spread on HTB. 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 bull call spread on HTB
Bull call spreads on HTB reduce the cost of a bullish HTB stock position by selling a higher-strike call; suited to moderate-move theses where price reaches but does not vastly exceed the short strike.
HTB thesis for this bull call spread
The market-implied 1-standard-deviation range for HTB extends from approximately $41.12 on the downside to $58.54 on the upside. A HTB bull call spread caps both the risk and the reward of a bullish position; relative to an outright long call on HTB, the spread reduces the cost basis but limits the maximum profit to the strike width minus net debit. Current HTB IV rank near 26.67% 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 HTB at 61.00%. As a Financial Services name, HTB options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to HTB-specific events.
HTB bull call spread positions are structurally moderately 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. HTB positions also carry Financial Services sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move HTB alongside the broader basket even when HTB-specific fundamentals are unchanged. Long-premium structures like a bull call spread on HTB 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 HTB chain quotes before placing a trade.
Frequently asked questions
- What is a bull call spread on HTB?
- A bull call spread on HTB is the bull call spread strategy applied to HTB (stock). The strategy is structurally moderately bullish: A bull call spread buys an at-the-money call and sells an out-of-the-money call at a higher strike for defined risk and defined reward bounded by the strike width. With HTB stock trading near $49.83, the strikes shown on this page are snapped to the nearest listed HTB chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are HTB bull call spread max profit and max loss calculated?
- Max profit equals strike width minus net debit times 100; max loss equals net debit times 100. Breakeven is long-call strike plus net debit. For the HTB bull call spread priced from the end-of-day chain at a 30-day expiry (ATM IV 61.00%), 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 HTB bull call spread?
- The breakeven for the HTB bull call spread 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 HTB market-implied 1-standard-deviation expected move is approximately 17.49%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
- When should you consider a bull call spread on HTB?
- Bull call spreads on HTB reduce the cost of a bullish HTB stock position by selling a higher-strike call; suited to moderate-move theses where price reaches but does not vastly exceed the short strike.
- How does current HTB implied volatility affect this bull call spread?
- HTB ATM IV is at 61.00% with IV rank near 26.67%, 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.