AXTU Collar Strategy
AXTU (T-REX 2X Long SOL Daily Target ETF), in the Financial Services sector, (Asset Management industry), listed on CBOE.
ETF Opportunities Trust - T-REX 2X Long SOL Daily Target ETF is an exchange traded fund launched by ETF Opportunities Trust. The fund is managed by Tuttle Capital Management, LLC. The fund invests in the currency markets. The fund invests directly and through derivatives in SOL. It uses derivatives such as options and swaps to create its portfolio. ETF Opportunities Trust - T-REX 2X Long SOL Daily Target ETF is domiciled was formed on December 2, 2025 and in the United States.
AXTU (T-REX 2X Long SOL Daily Target ETF) trades in the Financial Services sector, specifically Asset Management, with a market capitalization of approximately $2.6M, a beta of -3.43 versus the broader market, a 52-week range of 7.6-33.565, average daily share volume of 9K, a public-listing history dating back to 2025. These structural characteristics shape how AXTU etf options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of -3.43 indicates AXTU has historically moved less than the broader market, dampening realized volatility and producing tighter expected-move bands per unit of dollar exposure.
What is a collar on AXTU?
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.
AXTU snapshot
As of August 14, 2026, spot at $6.47, ATM IV 364.50%, expected move 104.50%. The collar on AXTU 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 AXTU specifically: IV rank is unavailable in the current snapshot, so regime-based timing for AXTU is inferred from ATM IV at 364.50% alone, with a market-implied 1-standard-deviation move of approximately 104.50% (roughly $6.76 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 AXTU expiries trade a higher absolute premium for lower per-day decay. Position sizing on AXTU should anchor to the underlying notional of $6.47 per share and to the trader's directional view on AXTU etf.
AXTU collar setup
The AXTU 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 AXTU at $6.47 on that close, the first option leg uses a $7.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed AXTU 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 AXTU shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 100 shares | Stock | $6.47 | long |
| Sell 1 | Call | $7.00 | $2.23 |
| Buy 1 | Put | $6.00 | $2.55 |
AXTU collar risk and reward
- Net Premium / Debit
- -$679.50
- Max Profit (per contract)
- $20.50
- Max Loss (per contract)
- -$79.50
- Breakeven(s)
- $6.80
- Risk / Reward Ratio
- 0.258
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.
AXTU collar payoff curve
Modeled P&L at expiration across a range of underlying prices for the collar on AXTU. 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.
| Underlying Price | % From Spot | P&L at Expiration |
|---|---|---|
| $0.01 | -99.8% | -$79.50 |
| $1.44 | -77.8% | -$79.50 |
| $2.87 | -55.7% | -$79.50 |
| $4.30 | -33.6% | -$79.50 |
| $5.73 | -11.5% | -$79.50 |
| $7.16 | +10.6% | +$20.50 |
| $8.59 | +32.7% | +$20.50 |
| $10.02 | +54.8% | +$20.50 |
| $11.45 | +76.9% | +$20.50 |
| $12.88 | +99.0% | +$20.50 |
When traders use collar on AXTU
Collars on AXTU hedge an existing long AXTU 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.
AXTU thesis for this collar
The market-implied 1-standard-deviation range for AXTU extends from approximately $-0.29 on the downside to $13.23 on the upside. A AXTU collar hedges an existing long AXTU 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. As a Financial Services name, AXTU options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to AXTU-specific events.
AXTU 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. AXTU positions also carry Financial Services sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move AXTU alongside the broader basket even when AXTU-specific fundamentals are unchanged. Always rebuild the position from current AXTU chain quotes before placing a trade.
Frequently asked questions
- What is a collar on AXTU?
- A collar on AXTU is the collar strategy applied to AXTU (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 AXTU etf at $6.47 on the August 14, 2026 close, the strikes shown on this page are snapped to the nearest listed AXTU chain strike and the premiums come straight from that session's bid/ask midpoint.
- How are AXTU 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 AXTU collar priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 364.50%), the computed maximum profit is $20.50 per contract and the computed maximum loss is -$79.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a AXTU collar?
- The breakeven for the AXTU collar priced on this page is roughly $6.80 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 AXTU market-implied 1-standard-deviation expected move in the same options snapshot is approximately 104.50%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
- When should you consider a collar on AXTU?
- Collars on AXTU hedge an existing long AXTU 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 AXTU implied volatility affect this collar?
- Current AXTU ATM IV is 364.50%; IV rank context is unavailable in the current snapshot.