OMDA Long Call Strategy
OMDA (Omada Health), in the Healthcare sector, (Medical - Healthcare Information Services industry), listed on NASDAQ.
Omada Health is a U.S.-based virtual-care provider offering clinically validated programs for chronic conditions like cardiometabolic disease, musculoskeletal care, and behavioral health—delivered digitally between doctor visits.
OMDA (Omada Health) trades in the Healthcare sector, specifically Medical - Healthcare Information Services, with a market capitalization of approximately $953.6M, a beta of 1.69 versus the broader market, a 52-week range of 10.28-28.4, average daily share volume of 1.3M, a public-listing history dating back to 2025, approximately 849 full-time employees. These structural characteristics shape how OMDA stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.69 indicates OMDA 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 long call on OMDA?
A long call buys upside exposure with a fixed maximum loss equal to the premium paid; profit accrues if the underlying closes above the strike plus premium at expiration.
Current OMDA snapshot
As of May 15, 2026, spot at $16.74, ATM IV 76.40%, IV rank 6.83%, expected move 21.90%. The long call on OMDA 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 34-day expiry.
Why this long call structure on OMDA specifically: OMDA IV at 76.40% is on the cheap side of its 1-year range, which favors premium-buying structures like a OMDA long call, with a market-implied 1-standard-deviation move of approximately 21.90% (roughly $3.67 on the underlying). The 34-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated OMDA expiries trade a higher absolute premium for lower per-day decay. Position sizing on OMDA should anchor to the underlying notional of $16.74 per share and to the trader's directional view on OMDA stock.
OMDA long call setup
The OMDA long call below is built from the end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With OMDA near $16.74, the first option leg uses a $16.74 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed OMDA chain at a 34-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 OMDA shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 1 | Call | $16.74 | N/A |
OMDA long call 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 is unbounded; max loss equals the premium paid times 100. Breakeven is strike plus premium.
OMDA long call payoff curve
Modeled P&L at expiration across a range of underlying prices for the long call on OMDA. 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 long call on OMDA
Long calls on OMDA express a bullish thesis with defined risk; traders use them ahead of OMDA catalysts (earnings, product launches, macro events) when the expected upside justifies the premium and theta decay.
OMDA thesis for this long call
The market-implied 1-standard-deviation range for OMDA extends from approximately $13.07 on the downside to $20.41 on the upside. A OMDA long call expresses a directional view that the underlying closes above the strike plus premium at expiration, ideally with implied volatility holding or expanding to preserve extrinsic value through the hold period. Current OMDA IV rank near 6.83% 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 OMDA at 76.40%. As a Healthcare name, OMDA options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to OMDA-specific events.
OMDA long call positions are structurally 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. OMDA positions also carry Healthcare sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move OMDA alongside the broader basket even when OMDA-specific fundamentals are unchanged. Long-premium structures like a long call on OMDA 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 OMDA chain quotes before placing a trade.
Frequently asked questions
- What is a long call on OMDA?
- A long call on OMDA is the long call strategy applied to OMDA (stock). The strategy is structurally bullish: A long call buys upside exposure with a fixed maximum loss equal to the premium paid; profit accrues if the underlying closes above the strike plus premium at expiration. With OMDA stock trading near $16.74, the strikes shown on this page are snapped to the nearest listed OMDA chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are OMDA long call max profit and max loss calculated?
- Max profit is unbounded; max loss equals the premium paid times 100. Breakeven is strike plus premium. For the OMDA long call priced from the end-of-day chain at a 30-day expiry (ATM IV 76.40%), 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 OMDA long call?
- The breakeven for the OMDA long call 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 OMDA market-implied 1-standard-deviation expected move is approximately 21.90%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
- When should you consider a long call on OMDA?
- Long calls on OMDA express a bullish thesis with defined risk; traders use them ahead of OMDA catalysts (earnings, product launches, macro events) when the expected upside justifies the premium and theta decay.
- How does current OMDA implied volatility affect this long call?
- OMDA ATM IV is at 76.40% with IV rank near 6.83%, 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.