LNTH Bull Call Spread Strategy
LNTH (Lantheus Holdings, Inc.), in the Healthcare sector, (Drug Manufacturers - Specialty & Generic industry), listed on NASDAQ.
Lantheus Holdings, Inc. is a global pharmaceutical company dedicated to the development, manufacturing, and commercialization of advanced diagnostic and therapeutic agents. Their mission is to empower clinicians worldwide in the accurate diagnosis and effective treatment of a wide spectrum of conditions, particularly heart disease, various cancers, and other serious illnesses. Their current diagnostic portfolio features several key products: DEFINITY, a microbubble ultrasound contrast agent for cardiac evaluations; TechneLite, a technetium generator essential for nuclear medicine; Xenon-133, used to assess pulmonary function; Neurolite, which helps identify stroke-damaged areas in the brain; Cardiolite, an injectable Tc-99m-labeled imaging agent; Thallium-201 for detecting cardiovascular disease; and Gallium-67, utilized in identifying infections and cancerous tumors. They also offer the Automated Bone Scan Index, a tool for quantifying prostate cancer burden from bone scans; PYLARIFY, designed for visualizing lymph nodes, bone, and soft tissue metastases to detect recurrent or metastatic prostate cancer; and Cobalt (Co 57), a non-pharmaceutical radiochemical. In the therapeutic space, Lantheus provides AZEDRA, a radiopharmaceutical treatment for both adult and pediatric patients, and RELISTOR, a medication addressing opioid-induced constipation. The company's robust development pipeline includes promising innovations such as flurpiridaz F 18, an agent for assessing myocardial blood flow; 1095, a PSMA-targeted iodine-131 labeled small molecule; LMI 1195 for neuroblastoma tumors in both children and adults; PYLARIFY AI, an AI-powered medical device software for standardized quantitative analysis of PSMA PET/CT images in prostate cancer; and leronlimab, an investigational humanized monoclonal antibody.
LNTH (Lantheus Holdings, Inc.) trades in the Healthcare sector, specifically Drug Manufacturers - Specialty & Generic, with a market capitalization of approximately $6.56B, a trailing P/E of 23.84, a beta of -0.06 versus the broader market, a 52-week range of 49.67-111.86, average daily share volume of 1.1M, a public-listing history dating back to 2015, approximately 1K full-time employees. These structural characteristics shape how LNTH stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of -0.06 indicates LNTH has historically moved less than the broader market, dampening realized volatility and producing tighter expected-move bands per unit of dollar exposure.
What is a bull call spread on LNTH?
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.
LNTH snapshot
As of August 14, 2026, spot at $100.93, ATM IV 261.80%, IV rank 61.48%, expected move 75.06%. The bull call spread on LNTH below is built from the August 14, 2026 end-of-day chain, with strikes snapped to listed contracts and premiums pulled from the bid/ask midpoint at a 35-day expiry.
Why this bull call spread structure on LNTH specifically: LNTH IV at 261.80% 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 75.06% (roughly $75.75 on the underlying). The 35-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated LNTH expiries trade a higher absolute premium for lower per-day decay. Position sizing on LNTH should anchor to the underlying notional of $100.93 per share and to the trader's directional view on LNTH stock.
LNTH bull call spread setup
The LNTH bull call spread below is built from the August 14, 2026 end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With LNTH at $100.93 on that close, the first option leg uses a $100.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed LNTH chain at a 35-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 LNTH shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 1 | Call | $100.00 | $2.75 |
| Sell 1 | Call | $105.00 | $0.25 |
LNTH bull call spread risk and reward
- Net Premium / Debit
- -$250.00
- Max Profit (per contract)
- $250.00
- Max Loss (per contract)
- -$250.00
- Breakeven(s)
- $102.50
- Risk / Reward Ratio
- 1.000
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.
LNTH bull call spread payoff curve
Modeled P&L at expiration across a range of underlying prices for the bull call spread on LNTH. 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.
| Underlying Price | % From Spot | P&L at Expiration |
|---|---|---|
| $0.01 | -100.0% | -$250.00 |
| $22.33 | -77.9% | -$250.00 |
| $44.64 | -55.8% | -$250.00 |
| $66.96 | -33.7% | -$250.00 |
| $89.27 | -11.6% | -$250.00 |
| $111.59 | +10.6% | +$250.00 |
| $133.90 | +32.7% | +$250.00 |
| $156.22 | +54.8% | +$250.00 |
| $178.53 | +76.9% | +$250.00 |
| $200.85 | +99.0% | +$250.00 |
When traders use bull call spread on LNTH
Bull call spreads on LNTH reduce the cost of a bullish LNTH stock position by selling a higher-strike call; suited to moderate-move theses where price reaches but does not vastly exceed the short strike.
LNTH thesis for this bull call spread
The market-implied 1-standard-deviation range for LNTH extends from approximately $25.18 on the downside to $176.68 on the upside. A LNTH bull call spread caps both the risk and the reward of a bullish position; relative to an outright long call on LNTH, the spread reduces the cost basis but limits the maximum profit to the strike width minus net debit. Current LNTH IV rank near 61.48% is mid-range against its 1-year distribution, so the IV signal is neutral; the bull call spread thesis on LNTH should anchor more to the directional view and the expected-move geometry. As a Healthcare name, LNTH options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to LNTH-specific events.
LNTH 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. LNTH positions also carry Healthcare sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move LNTH alongside the broader basket even when LNTH-specific fundamentals are unchanged. Long-premium structures like a bull call spread on LNTH 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 LNTH chain quotes before placing a trade.
Frequently asked questions
- What is a bull call spread on LNTH?
- A bull call spread on LNTH is the bull call spread strategy applied to LNTH (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 LNTH stock at $100.93 on the August 14, 2026 close, the strikes shown on this page are snapped to the nearest listed LNTH chain strike and the premiums come straight from that session's bid/ask midpoint.
- How are LNTH 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 LNTH bull call spread priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 261.80%), the computed maximum profit is $250.00 per contract and the computed maximum loss is -$250.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a LNTH bull call spread?
- The breakeven for the LNTH bull call spread priced on this page is roughly $102.50 at expiration, derived from the August 14, 2026 end-of-day chain's premiums. Breakeven is the underlying price at which the strategy's P&L crosses zero ignoring transaction costs and assignment risk. The LNTH market-implied 1-standard-deviation expected move in the same options snapshot is approximately 75.06%; 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 LNTH?
- Bull call spreads on LNTH reduce the cost of a bullish LNTH 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 LNTH implied volatility affect this bull call spread?
- LNTH ATM IV is at 261.80% with IV rank near 61.48%, 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.