How are ODD 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 ODD bull call spread priced from the end-of-day chain at a 30-day expiry (ATM IV 104.54%), the computed maximum profit is $0.00 per contract and the computed maximum loss is $0.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a ODD bull call spread?

The breakeven for the ODD 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 ODD market-implied 1-standard-deviation expected move is approximately 29.97%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current ODD implied volatility affect this bull call spread?

ODD ATM IV is at 104.54% with IV rank near 74.53%, which is elevated relative to its 1-year range. Premium-selling structures (covered call, cash-secured put, iron condor) generally look more attractive when IV rank is high; premium-buying structures (long call, long put, debit spreads) are more expensive in that regime.

ODD Bull Call Spread Strategy

ODD (Oddity Tech Ltd.), in the Technology sector, (Software - Infrastructure industry), listed on NASDAQ.

Oddity Tech Ltd., together with its subsidiaries, operates as a consumer-tech company worldwide. The company provides beauty and wellness products utilizing its PowerMatch technology. It builds and scales digital-first brands to disrupt the offline-dominated beauty and wellness industries. The company offers products for face and complexion, eyes and brows, lips, and skin care under the IL MAKIAGE brand; and hair and skin care products under the SpoiledChild brand. The company was incorporated in 2013 and is based in Tel Aviv-Jaffa, Israel.

ODD (Oddity Tech Ltd.) trades in the Technology sector, specifically Software - Infrastructure, with a market capitalization of approximately $720.6M, a trailing P/E of 6.57, a beta of 2.58 versus the broader market, a 52-week range of 10.8-79.18, average daily share volume of 2.4M, a public-listing history dating back to 2023, approximately 489 full-time employees. These structural characteristics shape how ODD stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 2.58 indicates ODD has historically moved more than the broader market, amplifying both the directional payoff and the realized volatility relative to an index-equivalent position. The trailing P/E of 6.57 is on the value side, where IV often compresses outside event windows because forward growth expectations are already discounted into the share price.

What is a bull call spread on ODD?

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 ODD snapshot

As of May 15, 2026, spot at $12.60, ATM IV 104.54%, IV rank 74.53%, expected move 29.97%. The bull call spread on ODD 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 28-day expiry.

Why this bull call spread structure on ODD specifically: ODD IV at 104.54% is rich versus its 1-year range, which makes a premium-buying ODD bull call spread relatively expensive in absolute-cost terms, with a market-implied 1-standard-deviation move of approximately 29.97% (roughly $3.78 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 ODD expiries trade a higher absolute premium for lower per-day decay. Position sizing on ODD should anchor to the underlying notional of $12.60 per share and to the trader's directional view on ODD stock.

ODD bull call spread setup

The ODD 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 ODD near $12.60, the first option leg uses a $13.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed ODD 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 ODD shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Buy 1	Call	$13.00	$1.33
Sell 1	Call	$13.00	$1.33

ODD bull call spread risk and reward

Net Premium / Debit: $0.00
Max Profit (per contract): $0.00
Max Loss (per contract): $0.00
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.

ODD bull call spread payoff curve

Modeled P&L at expiration across a range of underlying prices for the bull call spread on ODD. 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%	$0.00
$2.79	-77.8%	$0.00
$5.58	-55.7%	$0.00
$8.36	-33.6%	$0.00
$11.15	-11.5%	$0.00
$13.93	+10.6%	$0.00
$16.72	+32.7%	$0.00
$19.50	+54.8%	$0.00
$22.29	+76.9%	$0.00
$25.07	+99.0%	$0.00

When traders use bull call spread on ODD

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

ODD thesis for this bull call spread

The market-implied 1-standard-deviation range for ODD extends from approximately $8.82 on the downside to $16.38 on the upside. A ODD bull call spread caps both the risk and the reward of a bullish position; relative to an outright long call on ODD, the spread reduces the cost basis but limits the maximum profit to the strike width minus net debit. Current ODD IV rank near 74.53% sits in the upper third of its 1-year distribution, which historically reverts; this raises the bar for premium-buying structures and lowers it for premium-selling structures on ODD at 104.54%. As a Technology name, ODD options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to ODD-specific events.

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

Frequently asked questions

What is a bull call spread on ODD?: A bull call spread on ODD is the bull call spread strategy applied to ODD (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 ODD stock trading near $12.60, the strikes shown on this page are snapped to the nearest listed ODD chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
How are ODD 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 ODD bull call spread priced from the end-of-day chain at a 30-day expiry (ATM IV 104.54%), the computed maximum profit is $0.00 per contract and the computed maximum loss is $0.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a ODD bull call spread?: The breakeven for the ODD 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 ODD market-implied 1-standard-deviation expected move is approximately 29.97%; 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 ODD?: Bull call spreads on ODD reduce the cost of a bullish ODD 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 ODD implied volatility affect this bull call spread?: ODD ATM IV is at 104.54% with IV rank near 74.53%, which is elevated relative to its 1-year range. Premium-selling structures (covered call, cash-secured put, iron condor) generally look more attractive when IV rank is high; premium-buying structures (long call, long put, debit spreads) are more expensive in that regime.