Build a strategy Long Call Long Put Short Call Short Put Covered Call Protective Put Cash Secured Put Bull Call Spread Bull Put Spread Bear Put Spread Bear Call Spread Collar Long Straddle Short Straddle Iron Condor Calendar Spread Covered Combination Long Call Butterfly

Collar

A collar consists of holding the underlying stock, buying a put at a lower strike price, and selling a call at a higher strike price. This strategy limits both gains and losses, providing a hedge against potential volatility in the underlying asset.

Upgrade to unlock advanced probability and risk metrics.

Upgrade now

Options

Action Qty Expiration Date Strike Type Price Delta IV
PAG PAG Leg 1
Action
Qty
Expiration Date
Strike
Type
Price
Delta
IV
%
PAG PAG Leg 2
Action
Qty
Expiration Date
Strike
Type
Price
Delta
IV
%
±100%
to
       

Trade Information

Collar

BUY +1 PAG Dec 18, 2026 210.00 put @$0.25

SELL -1 PAG Dec 18, 2026 210.00 call @$3.28

Stock

PAG Current Price

$213.26 USD

PAG Breakeven Price

Below $213.03 (-0.11%)

Trade Details

Cost of Trade

-$303.00 USD

Maximum Profit

$21,303.00

Maximum Loss

Unlimited

CVaR

Probability Analysis

Probability of Profit (PoP)

Probability of Max Profit

Probability of Max Loss

Risk Reward Analysis

Expected Value (EV)

Expected Return (EV/risk)

Reward/Risk

Position Greeks

Delta (Δ)

Gamma (Γ)

Theta (Θ)

Vega (ν)