Bear Call Spreads on Overbought Stocks
Bear Call Spread34 trades pass on UMC
- Return on risk
- 1.3% to 90.5%
- Probability of profit
- 66.5% to 97.1%
United Microelectronics Corp · Technology
As of the close on . In the app, data is refreshed intraday.
UMC closed at $26.27 on Oct 2, 2026 with 30-day implied volatility of 64.2%. That is in the lower half of its one-year range (IV rank 49), so premiums are on the modest side for UMC. Measured by IV percentile, IV is higher than 67% of the past year's readings. Options expiring Oct 16 (14 days out) price a one standard deviation move of about $2.85, or 10.9%.
The price is above both its 50-day (+25.5%) and 200-day (+66.1%) moving averages. It is 6.2% below its 52-week high and 274.2% above its 52-week low. The 14-day RSI of 68.2 is between 30 and 70, neither overbought nor oversold. The 14-day average true range is $0.94, about 3.6% of the price, a measure of a typical day's range.
Option volume at the close (5.13K contracts) was 0.6x its average, quieter than usual. A beta of 1.79 means UMC has tended to move about 1.8 times as much as the broad market. 5 of our preset screens found trades on UMC at the close, led by Bear Call Spreads on Overbought Stocks with 34 trades.
Expected move = price x at-the-money IV x the square root of (days to expiration / 365), a one standard deviation range. The straddle is the at-the-money call plus put, the market's own price for a move. Compare expected moves across stocks.
| Expiration | IV | Expected move | 1 SD range | Straddle |
|---|---|---|---|---|
| Oct 16, 202614 days | 55.4% | ±$2.85 (10.9%) | $23.42 to $29.12 | $2.28 |
| Nov 20, 202649 days | 67.0% | ±$6.45 (24.5%) | $19.82 to $32.72 | $5.10 |
| Jan 15, 2027105 days | 63.8% | ±$8.99 (34.2%) | $17.28 to $35.26 | $7.07 |
Each expiration has its own implied volatility, and short-dated IV reacts more to near-term events, so the nearest expiration can differ a lot from the 30-day figure.
Counts and ranges for UMC from our preset scans at the last close. Open a preset in the app to see each trade with its strikes, prices, and risk, refreshed intraday. Income strategies show annualized return; the rest show return on risk.
34 trades pass on UMC
26 trades pass on UMC
8 trades pass on UMC
2 trades pass on UMC
1 trade passes on UMC
Market data as of the prior close, for information and education only. Not investment advice. Options involve substantial risk and are not suitable for every investor. See our Terms of Service.