KULR Bull Call Spread Strategy

KULR (KULR Technology Group, Inc.), in the Industrials sector, (Industrial - Machinery industry), listed on AMEX.

KULR Technology Group, Inc., through its subsidiary, KULR Technology Corporation, designs and builds advanced battery systems for autonomous platforms, digital infrastructure, and e-mobility and space. It provides battery production, internal short circuit battery cells and devices, patented thermal runaway shield technology (“TRS”), phase change material (“PCM”) heatsinks, and KULR SafeCases, and exoskeleton devices. The company also offers space batteries; air batteries; custom battery design; battery solutions, including trigger cells and ISC-D and SafeX Safe storage solutions; thermal solutions, including fiber thermal interface and cathodes; and testing solutions that include cell screening and cycling, module cycling, thermal desktop and SINDA/FLUINT, and abuse testing and calorimetry. Additionally, the company provides KULR VIBE, a software-driven precision balancing and vibration reduction solution designed for rotary systems and Xero VibeFan, an ultimate cooling solution for AI farms, data centres, and server environments. Its technologies are used in space, aerospace, defence, telecom, and other critical infrastructure. KULR Technology Group, Inc. has a strategic collaboration with Robinson Helicopter Company, Inc. to develop battery system for an eR66 battery-electric helicopter demonstrator.

KULR (KULR Technology Group, Inc.) trades in the Industrials sector, specifically Industrial - Machinery, with a market capitalization of approximately $166.1M, a beta of 2.22 versus the broader market, a 52-week range of 1.94-7.94, average daily share volume of 2.3M, a public-listing history dating back to 2018, approximately 74 full-time employees. These structural characteristics shape how KULR stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 2.22 indicates KULR 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 KULR?

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 KULR snapshot

As of June 29, 2026, spot at $4.04, ATM IV 132.20%, IV rank 20.71%, expected move 37.90%. The bull call spread on KULR 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 bull call spread structure on KULR specifically: KULR IV at 132.20% is on the cheap side of its 1-year range, which favors premium-buying structures like a KULR bull call spread, with a market-implied 1-standard-deviation move of approximately 37.90% (roughly $1.53 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 KULR expiries trade a higher absolute premium for lower per-day decay. Position sizing on KULR should anchor to the underlying notional of $4.04 per share and to the trader's directional view on KULR stock.

KULR bull call spread setup

The KULR 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 KULR near $4.04, the first option leg uses a $4.04 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed KULR 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 KULR shares for the stock leg in covered calls and collars).

ActionTypeStrike / BasisPremium (est)
Buy 1Call$4.04N/A
Sell 1Call$4.24N/A

KULR 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.

KULR bull call spread payoff curve

Modeled P&L at expiration across a range of underlying prices for the bull call spread on KULR. 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 KULR

Bull call spreads on KULR reduce the cost of a bullish KULR stock position by selling a higher-strike call; suited to moderate-move theses where price reaches but does not vastly exceed the short strike.

KULR thesis for this bull call spread

The market-implied 1-standard-deviation range for KULR extends from approximately $2.51 on the downside to $5.57 on the upside. A KULR bull call spread caps both the risk and the reward of a bullish position; relative to an outright long call on KULR, the spread reduces the cost basis but limits the maximum profit to the strike width minus net debit. Current KULR IV rank near 20.71% 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 KULR at 132.20%. As a Industrials name, KULR options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to KULR-specific events.

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

Frequently asked questions

What is a bull call spread on KULR?
A bull call spread on KULR is the bull call spread strategy applied to KULR (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 KULR stock trading near $4.04, the strikes shown on this page are snapped to the nearest listed KULR chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
How are KULR 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 KULR bull call spread priced from the end-of-day chain at a 30-day expiry (ATM IV 132.20%), 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 KULR bull call spread?
The breakeven for the KULR 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 KULR market-implied 1-standard-deviation expected move is approximately 37.90%; 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 KULR?
Bull call spreads on KULR reduce the cost of a bullish KULR 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 KULR implied volatility affect this bull call spread?
KULR ATM IV is at 132.20% with IV rank near 20.71%, 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.

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