UAMY Bull Call Spread Strategy
UAMY (United States Antimony Corporation), in the Basic Materials sector, (Industrial Materials industry), listed on NYSE.
United States Antimony Corporation produces and sells antimony, silver, gold, and zeolite products in the United States and Canada. The company's Antimony division offers antimony oxide that is primarily used in conjunction with a halogen to form a synergistic flame retardant system for plastics, rubber, fiberglass, textile goods, paints, coatings, and paper. Its antimony oxide is also used as a color fastener in paints; as a catalyst for the production of polyester resins for fibers and films; as a catalyst for the production of polyethelene pthalate in plastic bottles; as a phosphorescent agent in fluorescent light bulbs; and as an opacifier for porcelains. In addition, this division offers sodium antimonite; and antimony metal for use in bearings, storage batteries, and ordnance; and precious metals. The company's Zeolite division provides zeolite deposits for soil amendment and fertilizer, water filtration, sewage treatment, nuclear waste and other environmental cleanup, odor control, gas separation, and animal nutrition applications. Its zeolite products also have applications in catalysts, petroleum refining, concrete, solar energy and heat exchange, desiccants, pellet binding, horse and kitty litter, and floor cleaners, as well as carriers for insecticides, pesticides, and herbicides.
UAMY (United States Antimony Corporation) trades in the Basic Materials sector, specifically Industrial Materials, with a market capitalization of approximately $1.43B, a beta of 0.44 versus the broader market, a 52-week range of 1.94-19.71, average daily share volume of 12.7M, a public-listing history dating back to 2000, approximately 60 full-time employees. These structural characteristics shape how UAMY stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 0.44 indicates UAMY has historically moved less than the broader market, dampening realized volatility and producing tighter expected-move bands per unit of dollar exposure.
What is a bull call spread on UAMY?
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 UAMY snapshot
As of May 15, 2026, spot at $8.64, ATM IV 115.63%, IV rank 26.63%, expected move 33.15%. The bull call spread on UAMY 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 28-day expiry.
Why this bull call spread structure on UAMY specifically: UAMY IV at 115.63% is on the cheap side of its 1-year range, which favors premium-buying structures like a UAMY bull call spread, with a market-implied 1-standard-deviation move of approximately 33.15% (roughly $2.86 on the underlying). The 28-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated UAMY expiries trade a higher absolute premium for lower per-day decay. Position sizing on UAMY should anchor to the underlying notional of $8.64 per share and to the trader's directional view on UAMY stock.
UAMY bull call spread setup
The UAMY 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 UAMY near $8.64, the first option leg uses a $8.50 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed UAMY chain at a 28-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 UAMY shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 1 | Call | $8.50 | $1.18 |
| Sell 1 | Call | $9.00 | $0.98 |
UAMY bull call spread risk and reward
- Net Premium / Debit
- -$20.00
- Max Profit (per contract)
- $30.00
- Max Loss (per contract)
- -$20.00
- Breakeven(s)
- $8.70
- Risk / Reward Ratio
- 1.500
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.
UAMY bull call spread payoff curve
Modeled P&L at expiration across a range of underlying prices for the bull call spread on UAMY. 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 | -99.9% | -$20.00 |
| $1.92 | -77.8% | -$20.00 |
| $3.83 | -55.7% | -$20.00 |
| $5.74 | -33.6% | -$20.00 |
| $7.65 | -11.5% | -$20.00 |
| $9.56 | +10.6% | +$30.00 |
| $11.47 | +32.7% | +$30.00 |
| $13.37 | +54.8% | +$30.00 |
| $15.28 | +76.9% | +$30.00 |
| $17.19 | +99.0% | +$30.00 |
When traders use bull call spread on UAMY
Bull call spreads on UAMY reduce the cost of a bullish UAMY stock position by selling a higher-strike call; suited to moderate-move theses where price reaches but does not vastly exceed the short strike.
UAMY thesis for this bull call spread
The market-implied 1-standard-deviation range for UAMY extends from approximately $5.78 on the downside to $11.50 on the upside. A UAMY bull call spread caps both the risk and the reward of a bullish position; relative to an outright long call on UAMY, the spread reduces the cost basis but limits the maximum profit to the strike width minus net debit. Current UAMY IV rank near 26.63% 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 UAMY at 115.63%. As a Basic Materials name, UAMY options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to UAMY-specific events.
UAMY 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. UAMY positions also carry Basic Materials sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move UAMY alongside the broader basket even when UAMY-specific fundamentals are unchanged. Long-premium structures like a bull call spread on UAMY 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 UAMY chain quotes before placing a trade.
Frequently asked questions
- What is a bull call spread on UAMY?
- A bull call spread on UAMY is the bull call spread strategy applied to UAMY (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 UAMY stock trading near $8.64, the strikes shown on this page are snapped to the nearest listed UAMY chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are UAMY 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 UAMY bull call spread priced from the end-of-day chain at a 30-day expiry (ATM IV 115.63%), the computed maximum profit is $30.00 per contract and the computed maximum loss is -$20.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a UAMY bull call spread?
- The breakeven for the UAMY bull call spread priced on this page is roughly $8.70 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 UAMY market-implied 1-standard-deviation expected move is approximately 33.15%; 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 UAMY?
- Bull call spreads on UAMY reduce the cost of a bullish UAMY 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 UAMY implied volatility affect this bull call spread?
- UAMY ATM IV is at 115.63% with IV rank near 26.63%, 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.