How are DCOR 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 DCOR collar priced from the September 29, 2026 end-of-day chain at a 30-day expiry (ATM IV 479.30%), the computed maximum profit is $402.00 per contract and the computed maximum loss is -$398.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a DCOR collar?

The breakeven for the DCOR collar priced on this page is roughly $82.98 at expiration, derived from the September 29, 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 DCOR market-implied 1-standard-deviation expected move in the same options snapshot is approximately 137.41%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current DCOR implied volatility affect this collar?

DCOR ATM IV is at 479.30% with IV rank near 96.63%, which is elevated relative to its 1-year range. Premium-selling structures (covered call, cash-secured put, iron condor) generally look more attractive when IV rank is high; premium-buying structures (long call, long put, debit spreads) are more expensive in that regime.

DCOR Collar Strategy

DCOR (Dimensional - US Core Equity 1 ETF), in the Financial Services sector, (Asset Management industry), listed on AMEX.

The fund's advisor utilizes a comprehensive investment methodology, blending in-depth research, strategic portfolio construction, ongoing management, and effective trading practices to achieve its goals. The ETF primarily aims to acquire a wide and diverse array of equity securities from companies based in the United States. Under normal market conditions, at least 80% of the ETF's net assets will be invested in U.S. company stocks, though this guideline is not a fundamental policy.

DCOR (Dimensional - US Core Equity 1 ETF) trades in the Financial Services sector, specifically Asset Management, with a market capitalization of approximately $3.29B, a beta of 0.98 versus the broader market, a 52-week range of 69.88-85.88, average daily share volume of 124K, a public-listing history dating back to 2023. These structural characteristics shape how DCOR etf options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 0.98 places DCOR roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. DCOR pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.

What is a collar on DCOR?

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.

DCOR snapshot

As of September 29, 2026, spot at $83.00, ATM IV 479.30%, IV rank 96.63%, expected move 137.41%. The collar on DCOR below is built from the September 29, 2026 end-of-day chain, with strikes snapped to listed contracts and premiums pulled from the bid/ask midpoint at a 17-day expiry.

Why this collar structure on DCOR specifically: IV regime affects collar pricing on both sides; elevated DCOR IV at 479.30% typically pushes the short call premium to roughly offset the long put cost, with a market-implied 1-standard-deviation move of approximately 137.41% (roughly $114.05 on the underlying). The 17-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated DCOR expiries trade a higher absolute premium for lower per-day decay. Position sizing on DCOR should anchor to the underlying notional of $83.00 per share and to the trader's directional view on DCOR etf.

DCOR collar setup

The DCOR collar below is built from the September 29, 2026 end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With DCOR at $83.00 on that close, the first option leg uses a $87.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed DCOR chain at a 17-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 DCOR shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Buy 100 shares	Stock	$83.00	long
Sell 1	Call	$87.00	$0.07
Buy 1	Put	$79.00	$0.05

DCOR collar risk and reward

Net Premium / Debit: -$8,298.00
Max Profit (per contract): $402.00
Max Loss (per contract): -$398.00
Breakeven(s): $82.98
Risk / Reward Ratio: 1.010

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.

DCOR collar payoff curve

Modeled P&L at expiration across a range of underlying prices for the collar on DCOR. 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%	-$398.00
$18.36	-77.9%	-$398.00
$36.71	-55.8%	-$398.00
$55.06	-33.7%	-$398.00
$73.41	-11.6%	-$398.00
$91.76	+10.6%	+$402.00
$110.11	+32.7%	+$402.00
$128.46	+54.8%	+$402.00
$146.82	+76.9%	+$402.00
$165.17	+99.0%	+$402.00

When traders use collar on DCOR

Collars on DCOR hedge an existing long DCOR 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.

DCOR thesis for this collar

The market-implied 1-standard-deviation range for DCOR extends from approximately $-31.05 on the downside to $197.05 on the upside. A DCOR collar hedges an existing long DCOR 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 DCOR IV rank near 96.63% sits in the upper third of its 1-year distribution, which historically reverts; this raises the bar for premium-buying structures and lowers it for premium-selling structures on DCOR at 479.30%. As a Financial Services name, DCOR options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to DCOR-specific events.

DCOR 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. DCOR positions also carry Financial Services sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move DCOR alongside the broader basket even when DCOR-specific fundamentals are unchanged. Always rebuild the position from current DCOR chain quotes before placing a trade.

Frequently asked questions

What is a collar on DCOR?: A collar on DCOR is the collar strategy applied to DCOR (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 DCOR etf at $83.00 on the September 29, 2026 close, the strikes shown on this page are snapped to the nearest listed DCOR chain strike and the premiums come straight from that session's bid/ask midpoint.
How are DCOR 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 DCOR collar priced from the September 29, 2026 end-of-day chain at a 30-day expiry (ATM IV 479.30%), the computed maximum profit is $402.00 per contract and the computed maximum loss is -$398.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a DCOR collar?: The breakeven for the DCOR collar priced on this page is roughly $82.98 at expiration, derived from the September 29, 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 DCOR market-implied 1-standard-deviation expected move in the same options snapshot is approximately 137.41%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
When should you consider a collar on DCOR?: Collars on DCOR hedge an existing long DCOR 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 DCOR implied volatility affect this collar?: DCOR ATM IV is at 479.30% with IV rank near 96.63%, which is elevated relative to its 1-year range. Premium-selling structures (covered call, cash-secured put, iron condor) generally look more attractive when IV rank is high; premium-buying structures (long call, long put, debit spreads) are more expensive in that regime.