IMMR Long Call Strategy
IMMR (Immersion Corporation), in the Technology sector, (Software - Application industry), listed on NASDAQ.
Immersion Corporation, through its affiliated entities, specializes in the innovation, development, and licensing of haptic technologies. These advancements enable individuals to engage with and perceive digital products via their sense of touch across markets in North America, Europe, and Asia. The company's commercial portfolio includes technology, patent, and bundled licensing agreements. Furthermore, Immersion provides comprehensive Software Development Kits (SDKs), which incorporate essential tools, integration software, and effect libraries designed to facilitate the creation, encoding, and playback of nuanced tactile feedback within digital content. Its additional services encompass reference designs, core reference technology, expert engineering and integration assistance, and tailored software and firmware solutions. The company's offerings find application in a wide array of sectors, such as mobile communications, wearable devices, consumer electronics, gaming, virtual reality (VR), and the automotive industry, among others.
IMMR (Immersion Corporation) trades in the Technology sector, specifically Software - Application, with a market capitalization of approximately $232.4M, a beta of 1.01 versus the broader market, a 52-week range of 5.25-8.15, average daily share volume of 609K, a public-listing history dating back to 1999, approximately 14 full-time employees. These structural characteristics shape how IMMR stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.01 places IMMR roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. IMMR pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.
What is a long call on IMMR?
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 IMMR snapshot
As of June 29, 2026, spot at $7.00, ATM IV 50.60%, IV rank 18.43%, expected move 14.51%. The long call on IMMR 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 18-day expiry.
Why this long call structure on IMMR specifically: IMMR IV at 50.60% is on the cheap side of its 1-year range, which favors premium-buying structures like a IMMR long call, with a market-implied 1-standard-deviation move of approximately 14.51% (roughly $1.02 on the underlying). The 18-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated IMMR expiries trade a higher absolute premium for lower per-day decay. Position sizing on IMMR should anchor to the underlying notional of $7.00 per share and to the trader's directional view on IMMR stock.
IMMR long call setup
The IMMR 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 IMMR near $7.00, the first option leg uses a $7.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed IMMR chain at a 18-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 IMMR shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 1 | Call | $7.00 | N/A |
IMMR long call 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 is unbounded; max loss equals the premium paid times 100. Breakeven is strike plus premium.
IMMR long call payoff curve
Modeled P&L at expiration across a range of underlying prices for the long call on IMMR. 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 long call on IMMR
Long calls on IMMR express a bullish thesis with defined risk; traders use them ahead of IMMR catalysts (earnings, product launches, macro events) when the expected upside justifies the premium and theta decay.
IMMR thesis for this long call
The market-implied 1-standard-deviation range for IMMR extends from approximately $5.98 on the downside to $8.02 on the upside. A IMMR 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 IMMR IV rank near 18.43% 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 IMMR at 50.60%. As a Technology name, IMMR options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to IMMR-specific events.
IMMR 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. IMMR positions also carry Technology sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move IMMR alongside the broader basket even when IMMR-specific fundamentals are unchanged. Long-premium structures like a long call on IMMR 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 IMMR chain quotes before placing a trade.
Frequently asked questions
- What is a long call on IMMR?
- A long call on IMMR is the long call strategy applied to IMMR (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 IMMR stock trading near $7.00, the strikes shown on this page are snapped to the nearest listed IMMR chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are IMMR 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 IMMR long call priced from the end-of-day chain at a 30-day expiry (ATM IV 50.60%), 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 IMMR long call?
- The breakeven for the IMMR long call 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 IMMR market-implied 1-standard-deviation expected move is approximately 14.51%; 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 IMMR?
- Long calls on IMMR express a bullish thesis with defined risk; traders use them ahead of IMMR catalysts (earnings, product launches, macro events) when the expected upside justifies the premium and theta decay.
- How does current IMMR implied volatility affect this long call?
- IMMR ATM IV is at 50.60% with IV rank near 18.43%, 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.