How are SKYH 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 SKYH bull call spread priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 32.20%), the computed maximum profit is $46.00 per contract and the computed maximum loss is -$54.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a SKYH bull call spread?

The breakeven for the SKYH bull call spread priced on this page is roughly $10.54 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 SKYH market-implied 1-standard-deviation expected move in the same options snapshot is approximately 9.23%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

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

SKYH ATM IV is at 32.20% with IV rank near 2.25%, 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.

SKYH Bull Call Spread Strategy

SKYH (Sky Harbour Group Corp), in the Real Estate sector, (Real Estate - Development industry), listed on NYSE.

Sky Harbour Group Corporation operates as an aviation infrastructure development company in the United States. It develops, leases, and manages general aviation hangars for business aircraft. The company’s home basing hangar campuses includes private and semi-private hangars, as well as a suite of services for home based and transient aircraft. The company is based in White Plains, New York.

SKYH (Sky Harbour Group Corp) trades in the Real Estate sector, specifically Real Estate - Development, with a market capitalization of approximately $879.3M, a trailing P/E of 427.55, a beta of 1.31 versus the broader market, a 52-week range of 8.22-11.696, average daily share volume of 152K, a public-listing history dating back to 2020, approximately 112 full-time employees. These structural characteristics shape how SKYH stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 1.31 indicates SKYH 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 427.55 is on the rich side, which tends to correlate with higher earnings-window IV expansion as the market debates whether forward growth supports the multiple.

What is a bull call spread on SKYH?

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.

SKYH snapshot

As of August 14, 2026, spot at $10.36, ATM IV 32.20%, IV rank 2.25%, expected move 9.23%. The bull call spread on SKYH 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 7-day expiry.

Why this bull call spread structure on SKYH specifically: SKYH IV at 32.20% is on the cheap side of its 1-year range, which favors premium-buying structures like a SKYH bull call spread, with a market-implied 1-standard-deviation move of approximately 9.23% (roughly $0.96 on the underlying). The 7-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated SKYH expiries trade a higher absolute premium for lower per-day decay. Position sizing on SKYH should anchor to the underlying notional of $10.36 per share and to the trader's directional view on SKYH stock.

SKYH bull call spread setup

The SKYH 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 SKYH at $10.36 on that close, the first option leg uses a $10.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed SKYH chain at a 7-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 SKYH shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Buy 1	Call	$10.00	$0.70
Sell 1	Call	$11.00	$0.16

SKYH bull call spread risk and reward

Net Premium / Debit: -$54.00
Max Profit (per contract): $46.00
Max Loss (per contract): -$54.00
Breakeven(s): $10.54
Risk / Reward Ratio: 0.852

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.

SKYH bull call spread payoff curve

Modeled P&L at expiration across a range of underlying prices for the bull call spread on SKYH. 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	-99.9%	-$54.00
$2.30	-77.8%	-$54.00
$4.59	-55.7%	-$54.00
$6.88	-33.6%	-$54.00
$9.17	-11.5%	-$54.00
$11.46	+10.6%	+$46.00
$13.75	+32.7%	+$46.00
$16.04	+54.8%	+$46.00
$18.33	+76.9%	+$46.00
$20.62	+99.0%	+$46.00

When traders use bull call spread on SKYH

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

SKYH thesis for this bull call spread

The market-implied 1-standard-deviation range for SKYH extends from approximately $9.40 on the downside to $11.32 on the upside. A SKYH bull call spread caps both the risk and the reward of a bullish position; relative to an outright long call on SKYH, the spread reduces the cost basis but limits the maximum profit to the strike width minus net debit. Current SKYH IV rank near 2.25% 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 SKYH at 32.20%. As a Real Estate name, SKYH options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to SKYH-specific events.

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

Frequently asked questions

What is a bull call spread on SKYH?: A bull call spread on SKYH is the bull call spread strategy applied to SKYH (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 SKYH stock at $10.36 on the August 14, 2026 close, the strikes shown on this page are snapped to the nearest listed SKYH chain strike and the premiums come straight from that session's bid/ask midpoint.
How are SKYH 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 SKYH bull call spread priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 32.20%), the computed maximum profit is $46.00 per contract and the computed maximum loss is -$54.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a SKYH bull call spread?: The breakeven for the SKYH bull call spread priced on this page is roughly $10.54 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 SKYH market-implied 1-standard-deviation expected move in the same options snapshot is approximately 9.23%; 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 SKYH?: Bull call spreads on SKYH reduce the cost of a bullish SKYH 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 SKYH implied volatility affect this bull call spread?: SKYH ATM IV is at 32.20% with IV rank near 2.25%, 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.