INVZ Bull Call Spread Strategy
INVZ (Innoviz Technologies Ltd.), in the Consumer Cyclical sector, (Auto - Parts industry), listed on NASDAQ.
Innoviz Technologies Ltd. designs and manufactures solid-state LiDAR sensors and develops perception software that enables the mass production of autonomous vehicles. The company manufactures InnovizOne, a solid-state LiDAR sensor designed for automakers and robotaxi, shuttle, trucking, and delivery companies requiring an automotive-grade and mass-producible solution to achieve autonomy. Its automotive-grade sensor is integrable into Level 3 through 5 autonomous vehicles for the safety of passengers and pedestrians. The company also provides InnovizTwo, an automotive-grade LiDAR sensor that offers a solution for all levels of autonomous driving, as well as an option to integrate the perception application in the LiDAR sensor; Innoviz360, a 360-degree LiDAR for automotive and non-automotive applications; and perception application, a software application that turns the InnovizOne LiDAR's raw point cloud data into perception outputs to provide scene perception and deliver an automotive-grade ASIL B(D) solution. It operates in Europe, Asia Pacific, the Middle East, Africa, and North America. Innoviz Technologies Ltd. was incorporated in 2016 and is headquartered in Rosh HaAyin, Israel.
INVZ (Innoviz Technologies Ltd.) trades in the Consumer Cyclical sector, specifically Auto - Parts, with a market capitalization of approximately $196.6M, a beta of 1.43 versus the broader market, a 52-week range of 0.58-2.54, average daily share volume of 2.4M, a public-listing history dating back to 2020, approximately 415 full-time employees. These structural characteristics shape how INVZ stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.43 indicates INVZ 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 bull call spread on INVZ?
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 INVZ snapshot
As of May 15, 2026, spot at $0.73, ATM IV 171.40%, IV rank 49.74%, expected move 49.14%. The bull call spread on INVZ 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 34-day expiry.
Why this bull call spread structure on INVZ specifically: INVZ IV at 171.40% 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 49.14% (roughly $0.36 on the underlying). The 34-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated INVZ expiries trade a higher absolute premium for lower per-day decay. Position sizing on INVZ should anchor to the underlying notional of $0.73 per share and to the trader's directional view on INVZ stock.
INVZ bull call spread setup
The INVZ 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 INVZ near $0.73, the first option leg uses a $0.73 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed INVZ chain at a 34-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 INVZ shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 1 | Call | $0.73 | N/A |
| Sell 1 | Call | $0.77 | N/A |
INVZ 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.
INVZ bull call spread payoff curve
Modeled P&L at expiration across a range of underlying prices for the bull call spread on INVZ. 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 INVZ
Bull call spreads on INVZ reduce the cost of a bullish INVZ stock position by selling a higher-strike call; suited to moderate-move theses where price reaches but does not vastly exceed the short strike.
INVZ thesis for this bull call spread
The market-implied 1-standard-deviation range for INVZ extends from approximately $0.37 on the downside to $1.09 on the upside. A INVZ bull call spread caps both the risk and the reward of a bullish position; relative to an outright long call on INVZ, the spread reduces the cost basis but limits the maximum profit to the strike width minus net debit. Current INVZ IV rank near 49.74% is mid-range against its 1-year distribution, so the IV signal is neutral; the bull call spread thesis on INVZ should anchor more to the directional view and the expected-move geometry. As a Consumer Cyclical name, INVZ options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to INVZ-specific events.
INVZ 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. INVZ positions also carry Consumer Cyclical sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move INVZ alongside the broader basket even when INVZ-specific fundamentals are unchanged. Long-premium structures like a bull call spread on INVZ 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 INVZ chain quotes before placing a trade.
Frequently asked questions
- What is a bull call spread on INVZ?
- A bull call spread on INVZ is the bull call spread strategy applied to INVZ (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 INVZ stock trading near $0.73, the strikes shown on this page are snapped to the nearest listed INVZ chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are INVZ 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 INVZ bull call spread priced from the end-of-day chain at a 30-day expiry (ATM IV 171.40%), 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 INVZ bull call spread?
- The breakeven for the INVZ 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 INVZ market-implied 1-standard-deviation expected move is approximately 49.14%; 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 INVZ?
- Bull call spreads on INVZ reduce the cost of a bullish INVZ 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 INVZ implied volatility affect this bull call spread?
- INVZ ATM IV is at 171.40% with IV rank near 49.74%, 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.