How are GLIN 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 GLIN collar priced from the end-of-day chain at a 30-day expiry (ATM IV 25.50%), the computed maximum profit is $195.00 per contract and the computed maximum loss is -$205.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a GLIN collar?

The breakeven for the GLIN collar priced on this page is roughly $46.05 at expiration, derived from end-of-day chain premiums. Breakeven is the underlying price at which the strategy's P&L crosses zero ignoring transaction costs and assignment risk. The current GLIN market-implied 1-standard-deviation expected move is approximately 7.31%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current GLIN implied volatility affect this collar?

GLIN ATM IV is at 25.50% with IV rank near 4.53%, 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.

GLIN Collar Strategy

GLIN (VanEck India Growth Leaders ETF), in the Financial Services sector, (Asset Management industry), listed on AMEX.

GLIN provides a unique exposure to Indian equities by focusing on growth companies. The eligible universe includes all companies listed and domiciled in India. The index provider calculates a daily average weighted score for each company based on four fundamental factors: growth, value, profitability and cash flow as derived from public filings. The top 80 fundamentally scored companies are selected for the index and weighted by market-cap. Similar to most ETFs providing Indian equity exposure, the fund invests via a subsidiary located in the Republic of Mauritius for fund tax purposes. Note: Prior to May 1, 2020, the fund was called VanEck India Small-Cap Index ETF, used the ticker SCIF, and tracked the MVIS India Small-Cap Index.

GLIN (VanEck India Growth Leaders ETF) trades in the Financial Services sector, specifically Asset Management, with a market capitalization of approximately $98.3M, a beta of 0.75 versus the broader market, a 52-week range of 38.71-48.39, average daily share volume of 15K, a public-listing history dating back to 2010. These structural characteristics shape how GLIN etf options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 0.75 places GLIN roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. GLIN pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.

What is a collar on GLIN?

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.

Current GLIN snapshot

As of June 30, 2026, spot at $46.17, ATM IV 25.50%, IV rank 4.53%, expected move 7.31%. The collar on GLIN below is built from the same 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 GLIN specifically: IV regime affects collar pricing on both sides; compressed GLIN IV at 25.50% typically pushes the short call premium to roughly offset the long put cost, with a market-implied 1-standard-deviation move of approximately 7.31% (roughly $3.38 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 GLIN expiries trade a higher absolute premium for lower per-day decay. Position sizing on GLIN should anchor to the underlying notional of $46.17 per share and to the trader's directional view on GLIN etf.

GLIN collar setup

The GLIN collar below is built from the end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With GLIN near $46.17, the first option leg uses a $48.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed GLIN 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 GLIN shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Buy 100 shares	Stock	$46.17	long
Sell 1	Call	$48.00	$0.40
Buy 1	Put	$44.00	$0.28

GLIN collar risk and reward

Net Premium / Debit: -$4,605.00
Max Profit (per contract): $195.00
Max Loss (per contract): -$205.00
Breakeven(s): $46.05
Risk / Reward Ratio: 0.951

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.

GLIN collar payoff curve

Modeled P&L at expiration across a range of underlying prices for the collar on GLIN. 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%	-$205.00
$10.22	-77.9%	-$205.00
$20.42	-55.8%	-$205.00
$30.63	-33.7%	-$205.00
$40.84	-11.5%	-$205.00
$51.05	+10.6%	+$195.00
$61.25	+32.7%	+$195.00
$71.46	+54.8%	+$195.00
$81.67	+76.9%	+$195.00
$91.88	+99.0%	+$195.00

When traders use collar on GLIN

Collars on GLIN hedge an existing long GLIN 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.

GLIN thesis for this collar

The market-implied 1-standard-deviation range for GLIN extends from approximately $42.79 on the downside to $49.55 on the upside. A GLIN collar hedges an existing long GLIN 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 GLIN IV rank near 4.53% 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 GLIN at 25.50%. As a Financial Services name, GLIN options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to GLIN-specific events.

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

Frequently asked questions

What is a collar on GLIN?: A collar on GLIN is the collar strategy applied to GLIN (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 GLIN etf trading near $46.17, the strikes shown on this page are snapped to the nearest listed GLIN chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
How are GLIN 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 GLIN collar priced from the end-of-day chain at a 30-day expiry (ATM IV 25.50%), the computed maximum profit is $195.00 per contract and the computed maximum loss is -$205.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a GLIN collar?: The breakeven for the GLIN collar priced on this page is roughly $46.05 at expiration, derived from end-of-day chain premiums. Breakeven is the underlying price at which the strategy's P&L crosses zero ignoring transaction costs and assignment risk. The current GLIN market-implied 1-standard-deviation expected move is approximately 7.31%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
When should you consider a collar on GLIN?: Collars on GLIN hedge an existing long GLIN 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 GLIN implied volatility affect this collar?: GLIN ATM IV is at 25.50% with IV rank near 4.53%, 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.