The Collar

Long 100 Shares + Short 1 OTM Call + Long 1 OTM Put

Vlasnik predmetne vrijednosnice istovremeno ulazi u Long Put odnosno Short Call opciju.
Datum isteka opcija kao i njihov broj istovjetan je.

Collar strategija ostvaruje profit od premije istovremeno limitirajući potencijalni gubitak uzrokovan padom vrijednosti predmetne vrijednsnice.

Profit Potential Limited
If Price of Underlying >= Strike Price of Short Call
Max Profit = Strike Price of Short Call - Purchase Price of Underlying + Net Premium Received - Commissions Paid

Limited Risk
If Price of Underlying <= Strike Price of Long Put Max Loss = Purchase Price of Underlying - Strike Price of Long Put - Net Premium Received + Commissions Paid Breakeven Point
Breakeven Point = Purchase Price of Underlying + Net Premium Paid