KULR Strangle 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 strangle on KULR?
A long strangle buys an OTM call and an OTM put at offset strikes, cheaper than a straddle but requiring a larger underlying move to profit since both wings start out-of-the-money.
Current KULR snapshot
As of June 30, 2026, spot at $3.79, ATM IV 116.20%, IV rank 16.29%, expected move 33.31%. The strangle 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 17-day expiry.
Why this strangle structure on KULR specifically: KULR IV at 116.20% is on the cheap side of its 1-year range, which favors premium-buying structures like a KULR strangle, with a market-implied 1-standard-deviation move of approximately 33.31% (roughly $1.26 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 KULR expiries trade a higher absolute premium for lower per-day decay. Position sizing on KULR should anchor to the underlying notional of $3.79 per share and to the trader's directional view on KULR stock.
KULR strangle setup
The KULR strangle 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 $3.79, the first option leg uses a $3.98 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 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 KULR shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 1 | Call | $3.98 | N/A |
| Buy 1 | Put | $3.60 | N/A |
KULR strangle 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
Upside max profit is unbounded; downside max profit is bounded at the put strike minus the combined debit (reached at zero). Max loss equals the combined debit times 100 (reached anywhere between the two OTM strikes). Two breakevens at call-strike plus debit and put-strike minus debit.
KULR strangle payoff curve
Modeled P&L at expiration across a range of underlying prices for the strangle 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 strangle on KULR
Strangles on KULR are the cheaper cousin of the straddle - traders use them when they want a large directional move but are willing to give up the inner-strike sensitivity in exchange for a lower up-front debit on the KULR chain.
KULR thesis for this strangle
The market-implied 1-standard-deviation range for KULR extends from approximately $2.53 on the downside to $5.05 on the upside. A KULR long strangle is the OTM cousin of the straddle: lower up-front cost but the underlying has to travel further past either OTM strike before the position turns profitable at expiration. Current KULR IV rank near 16.29% 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 116.20%. 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 strangle positions are structurally neutral / high-volatility (long premium, OTM); 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. Always rebuild the position from current KULR chain quotes before placing a trade.
Frequently asked questions
- What is a strangle on KULR?
- A strangle on KULR is the strangle strategy applied to KULR (stock). The strategy is structurally neutral / high-volatility (long premium, OTM): A long strangle buys an OTM call and an OTM put at offset strikes, cheaper than a straddle but requiring a larger underlying move to profit since both wings start out-of-the-money. With KULR stock trading near $3.79, 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 strangle max profit and max loss calculated?
- Upside max profit is unbounded; downside max profit is bounded at the put strike minus the combined debit (reached at zero). Max loss equals the combined debit times 100 (reached anywhere between the two OTM strikes). Two breakevens at call-strike plus debit and put-strike minus debit. For the KULR strangle priced from the end-of-day chain at a 30-day expiry (ATM IV 116.20%), 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 strangle?
- The breakeven for the KULR strangle 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 33.31%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
- When should you consider a strangle on KULR?
- Strangles on KULR are the cheaper cousin of the straddle - traders use them when they want a large directional move but are willing to give up the inner-strike sensitivity in exchange for a lower up-front debit on the KULR chain.
- How does current KULR implied volatility affect this strangle?
- KULR ATM IV is at 116.20% with IV rank near 16.29%, 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.