Click to View this Strategy in TMC Option Chain Profit Calculator
TMC Call Spread Worth Over $136K Points to Ambitious Target—Stock Rallies 62.9% Above 50-Day Moving Average
Options traders recently made a notable move in TMC The Metals Company (TMC), initiating a call spread transaction worth more than $136,000. What could this bold options bet be signaling about TMC’s potential for further gains—especially with the stock already surging over 62% above its 50-day moving average?
Trade Details: 3,620 Contract Call Spread Bets on Further Upside
| Expiration | Strike Prices | Number of Contracts | Days to Expiration | VWAP Trade Price | VWAP Bid | VWAP Ask | Stock Price at Trade |
|---|---|---|---|---|---|---|---|
| 16-Jan-26 | 6-9 Call Spread | 3,620 | 213 | 0.75 | 0.50 | 0.80 | 5.46 |
This sizable trade, executed on June 17, 2025, at 9:30:04, locked in a price of $0.75 per spread. As of 11:40, the trade price remained unchanged, resulting in a net gain of $0.00—or 0%—for buyers thus far. The stock nudged higher by $0.16 (from $5.46 to $5.61) during that span. To hit the trade’s full profit potential, TMC would need to close above $9 at expiration (January 16, 2026).
For more granular trade data, check out the multi-leg trade analyzer.
Buyers Risk $136K to Target Over $400K: What’s the Payout Profile?
The 3,620-contract position cost over $136,000. If TMC closes above $9 at expiration, the payout could reach approximately $407,000. The breakeven point is $6.75—a move of around 20% from the current stock price.
With more than six months to go until expiration, the call spread’s structure shows traders are wagering on TMC’s continued strength but capping upside in exchange for lower risk versus a straight call option. Curious about similar strategies? Visit the multi-leg option trade screener for more examples.
TMC’s Technicals Remain Firmly Bullish: 231.4% Above 250-Day Moving Average
| Indicator | Current Value | Change/Percent |
|---|---|---|
| Stock Price | 5.61 | +0.02 (+0.36%) |
| From Previous Close to Open | -1.6% | (Open Jump) |
| From Open | +2.0% | |
| From 52W Low | +678.1% | |
| From 52W High | -0.9% | |
| From 20-Day Avg | +26.4% | |
| From 50-Day Avg | +62.9% | |
| From 250-Day Avg | +231.4% | |
| 20-Day vs 50-Day | +28.8% | |
| 20-Day vs 250-Day | +162.1% | |
| 50-Day vs 250-Day | +103.5% |
The technical picture points strongly upward, with all moving averages trending higher—a classic sign of momentum. TMC has broken above its expected resistance ($6.07) and dipped just below its daily support ($5.11) in recent trading. These moves reinforce a prevailing uptrend and could explain bullish positioning in options.
TMC Outpaces SPY with Triple-Digit Gains Across All Major Timeframes
| Duration | TMC Return | SPY Return | Low | High |
|---|---|---|---|---|
| Today | +0.4% | -0.3% | 5.30 | 5.81 |
| 2 Weeks | +41.0% | +1.4% | 3.94 | 5.81 |
| 1 Month | +54.1% | +1.1% | 3.54 | 5.81 |
| 3 Months | +203.2% | +7.1% | 1.57 | 5.81 |
| 6 Months | +596.0% | -0.4% | 0.72 | 5.81 |
| 1 Year | +279.1% | +12.0% | 0.72 | 5.81 |
| YTD | +400.9% | +2.8% | 1.02 | 5.81 |
| 3 Years | +444.7% | +70.2% | 0.51 | 5.81 |
| 5 Years | -- | +102.2% | -- | -- |
TMC’s performance versus the SPY ETF stands out. Over every key duration, TMC’s returns are in triple digits, leaving broad market benchmarks in the dust. This context helps explain the growing confidence behind leveraged bets like the recent call spread.
Option Skew Reads as Slightly Bullish
Based on a proprietary skew indicator at the 68% rank, TMC’s 30-day implied volatility skew suggests a slightly bullish options market outlook. While not extremely bullish, this elevated rank reflects meaningful positioning toward more upside, corroborating both technical signals and the rationale for a call spread wager.
Takeaway: Can TMC Maintain Its Pace?
With a stock chart in a powerful uptrend, market returns handily outpacing the S&P 500, and options data signaling at least modestly bullish sentiment, the call spread’s logic becomes clear: traders are willing to risk over $136K for a chance to triple their investment—so long as TMC keeps outperforming and can breach $9 by early next year.
Will this risk-reward payoff materialize, or are expectations running ahead of fundamentals? For traders interested in more complex options trades, the Market Chameleon screener can provide fresh ideas for your watchlist.
Contact Information:
If you have feedback or concerns about the content, please feel free to reach out to us via email at support@marketchameleon.com.
About the Publisher - Marketchameleon.com:
Marketchameleon is a comprehensive financial research and analysis website specializing in stock and options markets. We leverage extensive data, models, and analytics to provide valuable insights into these markets. Our primary goal is to assist traders in identifying potential market developments and assessing potential risks and rewards.
NOTE: Stock and option trading involves risk that may not be suitable for all investors. Examples contained within this report are simulated and may have limitations. Average returns and occurrences are calculated from snapshots of market mid-point prices and were not actually executed, so they do not reflect actual trades, fees, or execution costs. This report is for informational purposes only, and is not intended to be a recommendation to buy or sell any security. Neither Market Chameleon nor any other party makes warranties regarding results from its usage. Past performance does not guarantee future results. Please consult a financial advisor before executing any trades. You can read more about option risks and characteristics at theocc.com.
The information is provided for informational purposes only and should not be construed as investment advice. All stock price information is provided and transmitted as received from independent third-party data sources. The Information should only be used as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments and trading strategies. The Company does not guarantee the accuracy, completeness or timeliness of the Information.