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Strategy

Collar

Stock + protective put + covered call

What is Collar?

Collar A protective strategy: own shares, buy a put for protection, sell a call to offset the put cost. Limits both upside and downside. Zero-cost collars are possible.

Complete Definition

A protective strategy: own shares, buy a put for protection, sell a call to offset the put cost. Limits both upside and downside. Zero-cost collars are possible.

Related Terms

Protective Put Covered Call

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