How are SAIC 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 SAIC long call priced from the end-of-day chain at a 30-day expiry (ATM IV 44.50%), the computed maximum profit is unbounded per contract and the computed maximum loss is -$645.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a SAIC long call?

The breakeven for the SAIC long call priced on this page is roughly $101.45 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 SAIC market-implied 1-standard-deviation expected move is approximately 12.76%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current SAIC implied volatility affect this long call?

SAIC ATM IV is at 44.50% with IV rank near 60.64%, 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.

SAIC Long Call Strategy

SAIC (Science Applications International Corporation), in the Technology sector, (Information Technology Services industry), listed on NASDAQ.

Science Applications International Corporation provides technical, engineering, and enterprise information technology (IT) services primarily in the United States. The company's offerings include engineering; technology integration; IT modernization; maintenance of ground and maritime systems; logistics; training and simulation; operation and program support services; and end-to-end services, such as design, development, integration, deployment, management and operations, sustainment, and security of its customers' IT infrastructure, as well as cloud migration, managed services, infrastructure modernization, and enterprise IT-as-a-service solutions. It serves the U.S. military comprising Army, Air Force, Navy, Marines, and Coast Guard; Department of Defense agencies; National Aeronautics and Space Administration; the U.S. Department of State; Department of Justice; Department of Homeland Security; and various intelligence community agencies, as well as U.S. federal civilian agencies. The company was formerly known as SAIC Gemini, Inc. and changed its name to Science Applications International Corporation in September 2013. Science Applications International Corporation was founded in 1969 and is headquartered in Reston, Virginia.

SAIC (Science Applications International Corporation) trades in the Technology sector, specifically Information Technology Services, with a market capitalization of approximately $3.93B, a trailing P/E of 11.36, a beta of 0.27 versus the broader market, a 52-week range of 81.08-124.11, average daily share volume of 619K, a public-listing history dating back to 2013, approximately 24K full-time employees. These structural characteristics shape how SAIC stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 0.27 indicates SAIC has historically moved less than the broader market, dampening realized volatility and producing tighter expected-move bands per unit of dollar exposure. The trailing P/E of 11.36 is on the value side, where IV often compresses outside event windows because forward growth expectations are already discounted into the share price. SAIC pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.

What is a long call on SAIC?

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 SAIC snapshot

As of May 15, 2026, spot at $92.71, ATM IV 44.50%, IV rank 60.64%, expected move 12.76%. The long call on SAIC 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 98-day expiry.

Why this long call structure on SAIC specifically: SAIC IV at 44.50% 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 12.76% (roughly $11.83 on the underlying). The 98-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated SAIC expiries trade a higher absolute premium for lower per-day decay. Position sizing on SAIC should anchor to the underlying notional of $92.71 per share and to the trader's directional view on SAIC stock.

SAIC long call setup

The SAIC 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 SAIC near $92.71, the first option leg uses a $95.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed SAIC chain at a 98-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 SAIC shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Buy 1	Call	$95.00	$6.45

SAIC long call risk and reward

Net Premium / Debit: -$645.00
Max Profit (per contract): Unbounded
Max Loss (per contract): -$645.00
Breakeven(s): $101.45
Risk / Reward Ratio: Unbounded

Max profit is unbounded; max loss equals the premium paid times 100. Breakeven is strike plus premium.

SAIC long call payoff curve

Modeled P&L at expiration across a range of underlying prices for the long call on SAIC. 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%	-$645.00
$20.51	-77.9%	-$645.00
$41.01	-55.8%	-$645.00
$61.50	-33.7%	-$645.00
$82.00	-11.6%	-$645.00
$102.50	+10.6%	+$104.79
$123.00	+32.7%	+$2,154.55
$143.49	+54.8%	+$4,204.31
$163.99	+76.9%	+$6,254.07
$184.49	+99.0%	+$8,303.83

When traders use long call on SAIC

Long calls on SAIC express a bullish thesis with defined risk; traders use them ahead of SAIC catalysts (earnings, product launches, macro events) when the expected upside justifies the premium and theta decay.

SAIC thesis for this long call

The market-implied 1-standard-deviation range for SAIC extends from approximately $80.88 on the downside to $104.54 on the upside. A SAIC 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 SAIC IV rank near 60.64% is mid-range against its 1-year distribution, so the IV signal is neutral; the long call thesis on SAIC should anchor more to the directional view and the expected-move geometry. As a Technology name, SAIC options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to SAIC-specific events.

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

Frequently asked questions

What is a long call on SAIC?: A long call on SAIC is the long call strategy applied to SAIC (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 SAIC stock trading near $92.71, the strikes shown on this page are snapped to the nearest listed SAIC chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
How are SAIC 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 SAIC long call priced from the end-of-day chain at a 30-day expiry (ATM IV 44.50%), the computed maximum profit is unbounded per contract and the computed maximum loss is -$645.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a SAIC long call?: The breakeven for the SAIC long call priced on this page is roughly $101.45 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 SAIC market-implied 1-standard-deviation expected move is approximately 12.76%; 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 SAIC?: Long calls on SAIC express a bullish thesis with defined risk; traders use them ahead of SAIC catalysts (earnings, product launches, macro events) when the expected upside justifies the premium and theta decay.
How does current SAIC implied volatility affect this long call?: SAIC ATM IV is at 44.50% with IV rank near 60.64%, 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.