SOPH Long Call Strategy
SOPH (SOPHiA GENETICS S.A.), in the Healthcare sector, (Medical - Healthcare Information Services industry), listed on NASDAQ.
SOPHiA GENETICS SA operates as a healthcare technology company. The company offers SOPHiA DDM platform, a cloud-based software-as-a-service platform for analyzing data and generating insights from multimodal data sets and diagnostic modalities. Its SOPHiA DDM platform and related solutions, products, and services are used by hospital, laboratory, and biopharma worldwide. SOPHiA GENETICS SA was incorporated in 2011 and is headquartered in Saint-Sulpice, Switzerland.
SOPH (SOPHiA GENETICS S.A.) trades in the Healthcare sector, specifically Medical - Healthcare Information Services, with a market capitalization of approximately $323.2M, a beta of 1.01 versus the broader market, a 52-week range of 2.59-5.7, average daily share volume of 106K, a public-listing history dating back to 2021, approximately 423 full-time employees. These structural characteristics shape how SOPH stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.01 places SOPH roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline.
What is a long call on SOPH?
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 SOPH snapshot
As of May 15, 2026, spot at $4.66, ATM IV 85.60%, IV rank 16.13%, expected move 24.54%. The long call on SOPH 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 SOPH specifically: SOPH IV at 85.60% is on the cheap side of its 1-year range, which favors premium-buying structures like a SOPH long call, with a market-implied 1-standard-deviation move of approximately 24.54% (roughly $1.14 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 SOPH expiries trade a higher absolute premium for lower per-day decay. Position sizing on SOPH should anchor to the underlying notional of $4.66 per share and to the trader's directional view on SOPH stock.
SOPH long call setup
The SOPH 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 SOPH near $4.66, the first option leg uses a $4.66 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed SOPH 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 SOPH shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 1 | Call | $4.66 | N/A |
SOPH 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.
SOPH long call payoff curve
Modeled P&L at expiration across a range of underlying prices for the long call on SOPH. 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 SOPH
Long calls on SOPH express a bullish thesis with defined risk; traders use them ahead of SOPH catalysts (earnings, product launches, macro events) when the expected upside justifies the premium and theta decay.
SOPH thesis for this long call
The market-implied 1-standard-deviation range for SOPH extends from approximately $3.52 on the downside to $5.80 on the upside. A SOPH 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 SOPH IV rank near 16.13% 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 SOPH at 85.60%. As a Healthcare name, SOPH options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to SOPH-specific events.
SOPH 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. SOPH positions also carry Healthcare sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move SOPH alongside the broader basket even when SOPH-specific fundamentals are unchanged. Long-premium structures like a long call on SOPH 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 SOPH chain quotes before placing a trade.
Frequently asked questions
- What is a long call on SOPH?
- A long call on SOPH is the long call strategy applied to SOPH (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 SOPH stock trading near $4.66, the strikes shown on this page are snapped to the nearest listed SOPH chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are SOPH 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 SOPH long call priced from the end-of-day chain at a 30-day expiry (ATM IV 85.60%), 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 SOPH long call?
- The breakeven for the SOPH 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 SOPH market-implied 1-standard-deviation expected move is approximately 24.54%; 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 SOPH?
- Long calls on SOPH express a bullish thesis with defined risk; traders use them ahead of SOPH catalysts (earnings, product launches, macro events) when the expected upside justifies the premium and theta decay.
- How does current SOPH implied volatility affect this long call?
- SOPH ATM IV is at 85.60% with IV rank near 16.13%, 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.