How are AMDG collar max profit and max loss calculated?

Max profit roughly equals short-call strike minus cost basis plus net premium; max loss roughly equals cost basis minus long-put strike minus net premium. Breakeven shifts by the net premium. For the AMDG collar priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 109.70%), the computed maximum profit is $587.00 per contract and the computed maximum loss is -$413.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a AMDG collar?

The breakeven for the AMDG collar priced on this page is roughly $99.13 at expiration, derived from the August 14, 2026 end-of-day chain's premiums. Breakeven is the underlying price at which the strategy's P&L crosses zero ignoring transaction costs and assignment risk. The AMDG market-implied 1-standard-deviation expected move in the same options snapshot is approximately 31.45%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current AMDG implied volatility affect this collar?

AMDG ATM IV is at 109.70% with IV rank near 29.89%, which is on the low end of its 1-year range. Premium-buying structures (long call, long put, debit spreads) are relatively cheap in this regime; premium-selling structures collect less credit per unit risk.

AMDG Collar Strategy

AMDG (Leverage Shares 2x Long AMD Daily ETF), in the Financial Services sector, (Asset Management - Leveraged industry), listed on NASDAQ.

Bearing the ticker symbol AMDG, the Leverage Shares 2x Long AMD Daily ETF is specifically designed for active traders. This exchange-traded fund functions as a 'bull' instrument, aiming to provide two times (200%) the daily performance of Advanced Micro Devices (AMD) stock. Its purpose is to magnify short-term results for investors, prior to the deduction of its associated fees and expenses.

AMDG (Leverage Shares 2x Long AMD Daily ETF) trades in the Financial Services sector, specifically Asset Management - Leveraged, with a market capitalization of approximately $62.7M, a beta of 5.60 versus the broader market, a 52-week range of 16.9-141.38, average daily share volume of 93K, a public-listing history dating back to 2025. These structural characteristics shape how AMDG etf options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 5.60 indicates AMDG has historically moved more than the broader market, amplifying both the directional payoff and the realized volatility relative to an index-equivalent position. AMDG pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.

What is a collar on AMDG?

A collar pairs long stock with a protective out-of-the-money put financed by a short out-of-the-money call, capping both tails of the position around the current spot.

AMDG snapshot

As of August 14, 2026, spot at $97.78, ATM IV 109.70%, IV rank 29.89%, expected move 31.45%. The collar on AMDG below is built from the August 14, 2026 end-of-day chain, with strikes snapped to listed contracts and premiums pulled from the bid/ask midpoint at a 35-day expiry.

Why this collar structure on AMDG specifically: IV regime affects collar pricing on both sides; compressed AMDG IV at 109.70% typically pushes the short call premium to roughly offset the long put cost, with a market-implied 1-standard-deviation move of approximately 31.45% (roughly $30.75 on the underlying). The 35-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated AMDG expiries trade a higher absolute premium for lower per-day decay. Position sizing on AMDG should anchor to the underlying notional of $97.78 per share and to the trader's directional view on AMDG etf.

AMDG collar setup

The AMDG collar below is built from the August 14, 2026 end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With AMDG at $97.78 on that close, the first option leg uses a $105.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed AMDG chain at a 35-day expiry; the cross-strike IV skew is reflected directly in the per-leg values rather than approximated. Quantity sizing assumes one contract per option leg (or 100 AMDG shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Buy 100 shares	Stock	$97.78	long
Sell 1	Call	$105.00	$10.35
Buy 1	Put	$95.00	$11.70

AMDG collar risk and reward

Net Premium / Debit: -$9,913.00
Max Profit (per contract): $587.00
Max Loss (per contract): -$413.00
Breakeven(s): $99.13
Risk / Reward Ratio: 1.421

Max profit roughly equals short-call strike minus cost basis plus net premium; max loss roughly equals cost basis minus long-put strike minus net premium. Breakeven shifts by the net premium.

AMDG collar payoff curve

Modeled P&L at expiration across a range of underlying prices for the collar on AMDG. Each row is one sampled price point from the computed payoff curve; the full curve uses 200 price points internally before being summarized into 10 rows here.

P&L at expiration across the modeled underlying-price range. Green shading marks profitable regions, red shading marks loss regions. Dotted purple verticals mark breakevens; the solid dark vertical marks current spot.

Underlying Price	% From Spot	P&L at Expiration
$0.01	-100.0%	-$413.00
$21.63	-77.9%	-$413.00
$43.25	-55.8%	-$413.00
$64.87	-33.7%	-$413.00
$86.48	-11.6%	-$413.00
$108.10	+10.6%	+$587.00
$129.72	+32.7%	+$587.00
$151.34	+54.8%	+$587.00
$172.96	+76.9%	+$587.00
$194.58	+99.0%	+$587.00

When traders use collar on AMDG

Collars on AMDG hedge an existing long AMDG etf position; the long put sets a floor while the short call finances it, often run as a near-zero-cost hedge during expected volatility windows.

AMDG thesis for this collar

The market-implied 1-standard-deviation range for AMDG extends from approximately $67.03 on the downside to $128.53 on the upside. A AMDG collar hedges an existing long AMDG position with a protective put while financing the put cost via a short call; when the premiums roughly offset, the collar acts as a near-zero-cost insurance band around the current spot. Current AMDG IV rank near 29.89% sits in the lower third of its 1-year distribution, where IV often re-expands toward the mean; this favors premium-buying structures and disadvantages premium-selling structures on AMDG at 109.70%. As a Financial Services name, AMDG options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to AMDG-specific events.

AMDG collar positions are structurally neutral (protective); the modeled P&L assumes European-style exercise at expiration and ignores early assignment, transaction costs, dividends paid before expiry on the stock leg (when present), and the bid-ask spread on the listed chain. AMDG positions also carry Financial Services sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move AMDG alongside the broader basket even when AMDG-specific fundamentals are unchanged. Always rebuild the position from current AMDG chain quotes before placing a trade.

Frequently asked questions

What is a collar on AMDG?: A collar on AMDG is the collar strategy applied to AMDG (etf). The strategy is structurally neutral (protective): A collar pairs long stock with a protective out-of-the-money put financed by a short out-of-the-money call, capping both tails of the position around the current spot. With AMDG etf at $97.78 on the August 14, 2026 close, the strikes shown on this page are snapped to the nearest listed AMDG chain strike and the premiums come straight from that session's bid/ask midpoint.
How are AMDG collar max profit and max loss calculated?: Max profit roughly equals short-call strike minus cost basis plus net premium; max loss roughly equals cost basis minus long-put strike minus net premium. Breakeven shifts by the net premium. For the AMDG collar priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 109.70%), the computed maximum profit is $587.00 per contract and the computed maximum loss is -$413.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a AMDG collar?: The breakeven for the AMDG collar priced on this page is roughly $99.13 at expiration, derived from the August 14, 2026 end-of-day chain's premiums. Breakeven is the underlying price at which the strategy's P&L crosses zero ignoring transaction costs and assignment risk. The AMDG market-implied 1-standard-deviation expected move in the same options snapshot is approximately 31.45%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
When should you consider a collar on AMDG?: Collars on AMDG hedge an existing long AMDG etf position; the long put sets a floor while the short call finances it, often run as a near-zero-cost hedge during expected volatility windows.
How does current AMDG implied volatility affect this collar?: AMDG ATM IV is at 109.70% with IV rank near 29.89%, which is on the low end of its 1-year range. Premium-buying structures (long call, long put, debit spreads) are relatively cheap in this regime; premium-selling structures collect less credit per unit risk.