MBLY Bull Call Spread Strategy
MBLY (Mobileye Global Inc.), in the Consumer Cyclical sector, (Auto - Parts industry), listed on NASDAQ.
Mobileye Global Inc. is at the forefront of developing and deploying sophisticated advanced driver assistance systems (ADAS) and autonomous driving technologies worldwide. Its diverse array of offerings includes Driver Assist, a suite of ADAS and autonomous vehicle capabilities that prioritize safety by providing real-time detection of road users, geometry, semantics, and markings, leading to timely alerts and emergency interventions. Complementing this, Cloud-Enhanced Driver Assist furnishes drivers with immediate, cloud-informed interpretations of their surroundings. The company also features its Mobileye SuperVision family of products, which spans from the concise SuperVision Lite, an effective driver assistance solution, to the more comprehensive SuperVision. The latter is an advanced assisted point-to-point navigation system, functional across various road types, and integrates cloud-based enhancements such as road experience management, alongside supporting seamless over-the-air updates. For higher levels of autonomy, Mobileye offers Mobileye Chauffeur, a next-generation solution, and Mobileye Drive, a robust Level 4 autonomous system that includes self-driving vehicle platforms and autonomous mobility-as-a-service options.
MBLY (Mobileye Global Inc.) trades in the Consumer Cyclical sector, specifically Auto - Parts, with a market capitalization of approximately $7.18B, a beta of 1.20 versus the broader market, a 52-week range of 6.47-15.81, average daily share volume of 6.9M, a public-listing history dating back to 2022, approximately 4K full-time employees. These structural characteristics shape how MBLY stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.20 places MBLY roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline.
What is a bull call spread on MBLY?
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.
MBLY snapshot
As of August 14, 2026, spot at $8.97, ATM IV 53.68%, IV rank 15.56%, expected move 15.39%. The bull call spread on MBLY 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 28-day expiry.
Why this bull call spread structure on MBLY specifically: MBLY IV at 53.68% is on the cheap side of its 1-year range, which favors premium-buying structures like a MBLY bull call spread, with a market-implied 1-standard-deviation move of approximately 15.39% (roughly $1.38 on the underlying). The 28-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated MBLY expiries trade a higher absolute premium for lower per-day decay. Position sizing on MBLY should anchor to the underlying notional of $8.97 per share and to the trader's directional view on MBLY stock.
MBLY bull call spread setup
The MBLY 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 MBLY at $8.97 on that close, the first option leg uses a $9.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed MBLY chain at a 28-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 MBLY shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 1 | Call | $9.00 | $0.53 |
| Sell 1 | Call | $9.50 | $0.35 |
MBLY bull call spread risk and reward
- Net Premium / Debit
- -$18.00
- Max Profit (per contract)
- $32.00
- Max Loss (per contract)
- -$18.00
- Breakeven(s)
- $9.18
- Risk / Reward Ratio
- 1.778
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.
MBLY bull call spread payoff curve
Modeled P&L at expiration across a range of underlying prices for the bull call spread on MBLY. 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 | -99.9% | -$18.00 |
| $1.99 | -77.8% | -$18.00 |
| $3.97 | -55.7% | -$18.00 |
| $5.96 | -33.6% | -$18.00 |
| $7.94 | -11.5% | -$18.00 |
| $9.92 | +10.6% | +$32.00 |
| $11.90 | +32.7% | +$32.00 |
| $13.89 | +54.8% | +$32.00 |
| $15.87 | +76.9% | +$32.00 |
| $17.85 | +99.0% | +$32.00 |
When traders use bull call spread on MBLY
Bull call spreads on MBLY reduce the cost of a bullish MBLY stock position by selling a higher-strike call; suited to moderate-move theses where price reaches but does not vastly exceed the short strike.
MBLY thesis for this bull call spread
The market-implied 1-standard-deviation range for MBLY extends from approximately $7.59 on the downside to $10.35 on the upside. A MBLY bull call spread caps both the risk and the reward of a bullish position; relative to an outright long call on MBLY, the spread reduces the cost basis but limits the maximum profit to the strike width minus net debit. Current MBLY IV rank near 15.56% 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 MBLY at 53.68%. As a Consumer Cyclical name, MBLY options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to MBLY-specific events.
MBLY 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. MBLY positions also carry Consumer Cyclical sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move MBLY alongside the broader basket even when MBLY-specific fundamentals are unchanged. Long-premium structures like a bull call spread on MBLY 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 MBLY chain quotes before placing a trade.
Frequently asked questions
- What is a bull call spread on MBLY?
- A bull call spread on MBLY is the bull call spread strategy applied to MBLY (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 MBLY stock at $8.97 on the August 14, 2026 close, the strikes shown on this page are snapped to the nearest listed MBLY chain strike and the premiums come straight from that session's bid/ask midpoint.
- How are MBLY 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 MBLY bull call spread priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 53.68%), the computed maximum profit is $32.00 per contract and the computed maximum loss is -$18.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a MBLY bull call spread?
- The breakeven for the MBLY bull call spread priced on this page is roughly $9.18 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 MBLY market-implied 1-standard-deviation expected move in the same options snapshot is approximately 15.39%; 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 MBLY?
- Bull call spreads on MBLY reduce the cost of a bullish MBLY 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 MBLY implied volatility affect this bull call spread?
- MBLY ATM IV is at 53.68% with IV rank near 15.56%, 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.