How are PCOR 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 PCOR bull call spread priced from the end-of-day chain at a 30-day expiry (ATM IV 60.40%), the computed maximum profit is $147.50 per contract and the computed maximum loss is -$102.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a PCOR bull call spread?

The breakeven for the PCOR bull call spread priced on this page is roughly $41.03 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 PCOR market-implied 1-standard-deviation expected move is approximately 17.32%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

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

PCOR ATM IV is at 60.40% with IV rank near 51.31%, 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.

PCOR Bull Call Spread Strategy

PCOR (Procore Technologies, Inc.), in the Technology sector, (Software - Application industry), listed on NYSE.

Procore Technologies, Inc. delivers a comprehensive, cloud-based platform designed for construction management, along with accompanying software solutions, serving clients both in the United States and globally. This platform empowers a diverse range of stakeholders, including property owners, general and specialty contractors, architects, and engineers, to collaborate seamlessly throughout their construction projects. The company's offerings are structured into several key modules: Preconstruction: This module facilitates streamlined collaboration among internal and external parties during the initial project phases, such as planning, budgeting, estimating, bidding, and selecting partners. Project Management: It enables real-time teamwork, secure information storage, design coordination, BIM model clash detection, and regulatory compliance for both jobsite personnel and back-office teams. Resource Management: This tool assists contractors in scheduling, monitoring, and forecasting labor productivity, improving time management, enhancing workforce communication, and optimizing project profitability. Financial Management: It provides customers with detailed visibility into the fiscal health of individual construction projects and their entire portfolios, ensuring unfettered, real-time access to financial data that bridges the gap between field operations and the main office.

PCOR (Procore Technologies, Inc.) trades in the Technology sector, specifically Software - Application, with a market capitalization of approximately $6.32B, a beta of 0.72 versus the broader market, a 52-week range of 38.03-82.315, average daily share volume of 2.7M, a public-listing history dating back to 2021, approximately 4K full-time employees. These structural characteristics shape how PCOR stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 0.72 places PCOR 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 PCOR?

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 PCOR snapshot

As of June 30, 2026, spot at $40.35, ATM IV 60.40%, IV rank 51.31%, expected move 17.32%. The bull call spread on PCOR 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 bull call spread structure on PCOR specifically: PCOR IV at 60.40% 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 17.32% (roughly $6.99 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 PCOR expiries trade a higher absolute premium for lower per-day decay. Position sizing on PCOR should anchor to the underlying notional of $40.35 per share and to the trader's directional view on PCOR stock.

PCOR bull call spread setup

The PCOR 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 PCOR near $40.35, the first option leg uses a $40.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed PCOR 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 PCOR shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Buy 1	Call	$40.00	$2.28
Sell 1	Call	$42.50	$1.25

PCOR bull call spread risk and reward

Net Premium / Debit: -$102.50
Max Profit (per contract): $147.50
Max Loss (per contract): -$102.50
Breakeven(s): $41.03
Risk / Reward Ratio: 1.439

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.

PCOR bull call spread payoff curve

Modeled P&L at expiration across a range of underlying prices for the bull call spread on PCOR. 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.

P&L at expiration across the modeled underlying-price range. Green shading marks profitable regions, red shading marks loss regions. Dotted purple verticals mark breakevens; the solid dark vertical marks current spot.

Underlying Price	% From Spot	P&L at Expiration
$0.01	-100.0%	-$102.50
$8.93	-77.9%	-$102.50
$17.85	-55.8%	-$102.50
$26.77	-33.7%	-$102.50
$35.69	-11.5%	-$102.50
$44.61	+10.6%	+$147.50
$53.53	+32.7%	+$147.50
$62.45	+54.8%	+$147.50
$71.37	+76.9%	+$147.50
$80.29	+99.0%	+$147.50

When traders use bull call spread on PCOR

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

PCOR thesis for this bull call spread

The market-implied 1-standard-deviation range for PCOR extends from approximately $33.36 on the downside to $47.34 on the upside. A PCOR bull call spread caps both the risk and the reward of a bullish position; relative to an outright long call on PCOR, the spread reduces the cost basis but limits the maximum profit to the strike width minus net debit. Current PCOR IV rank near 51.31% is mid-range against its 1-year distribution, so the IV signal is neutral; the bull call spread thesis on PCOR should anchor more to the directional view and the expected-move geometry. As a Technology name, PCOR options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to PCOR-specific events.

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

Frequently asked questions

What is a bull call spread on PCOR?: A bull call spread on PCOR is the bull call spread strategy applied to PCOR (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 PCOR stock trading near $40.35, the strikes shown on this page are snapped to the nearest listed PCOR chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
How are PCOR 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 PCOR bull call spread priced from the end-of-day chain at a 30-day expiry (ATM IV 60.40%), the computed maximum profit is $147.50 per contract and the computed maximum loss is -$102.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a PCOR bull call spread?: The breakeven for the PCOR bull call spread priced on this page is roughly $41.03 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 PCOR market-implied 1-standard-deviation expected move is approximately 17.32%; 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 PCOR?: Bull call spreads on PCOR reduce the cost of a bullish PCOR 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 PCOR implied volatility affect this bull call spread?: PCOR ATM IV is at 60.40% with IV rank near 51.31%, 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.