ITEQ Collar Strategy
ITEQ (Amplify BlueStar Israel Technology ETF), in the Financial Services sector, (Asset Management - Global industry), listed on AMEX.
The Amplify BlueStar Israel Technology ETF (ITEQ) endeavors to mirror the overall returns of the BlueStar Israel Global Technology Index, prior to accounting for fees and expenses. This fund is comprised of a curated selection of innovative Israeli technology companies. These firms are at the forefront of developing groundbreaking solutions in some of the most revolutionary technological sectors, such as cybersecurity, advanced data processing and analytics, autonomous vehicle safety and assistance, renewable energy, and crucial areas like biotechnology and medical devices.
ITEQ (Amplify BlueStar Israel Technology ETF) trades in the Financial Services sector, specifically Asset Management - Global, with a market capitalization of approximately $101.1M, a beta of 1.22 versus the broader market, a 52-week range of 51.137-71, average daily share volume of 8K, a public-listing history dating back to 2015. These structural characteristics shape how ITEQ etf options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.22 places ITEQ roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. ITEQ pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.
What is a collar on ITEQ?
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 ITEQ snapshot
As of June 30, 2026, spot at $66.29, ATM IV 49.80%, IV rank 28.77%, expected move 14.28%. The collar on ITEQ 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 ITEQ specifically: IV regime affects collar pricing on both sides; compressed ITEQ IV at 49.80% typically pushes the short call premium to roughly offset the long put cost, with a market-implied 1-standard-deviation move of approximately 14.28% (roughly $9.46 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 ITEQ expiries trade a higher absolute premium for lower per-day decay. Position sizing on ITEQ should anchor to the underlying notional of $66.29 per share and to the trader's directional view on ITEQ etf.
ITEQ collar setup
The ITEQ 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 ITEQ near $66.29, the first option leg uses a $70.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed ITEQ 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 ITEQ shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 100 shares | Stock | $66.29 | long |
| Sell 1 | Call | $70.00 | $1.47 |
| Buy 1 | Put | $63.00 | $1.41 |
ITEQ collar risk and reward
- Net Premium / Debit
- -$6,623.00
- Max Profit (per contract)
- $377.00
- Max Loss (per contract)
- -$323.00
- Breakeven(s)
- $66.23
- Risk / Reward Ratio
- 1.167
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.
ITEQ collar payoff curve
Modeled P&L at expiration across a range of underlying prices for the collar on ITEQ. 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 | -100.0% | -$323.00 |
| $14.67 | -77.9% | -$323.00 |
| $29.32 | -55.8% | -$323.00 |
| $43.98 | -33.7% | -$323.00 |
| $58.63 | -11.5% | -$323.00 |
| $73.29 | +10.6% | +$377.00 |
| $87.95 | +32.7% | +$377.00 |
| $102.60 | +54.8% | +$377.00 |
| $117.26 | +76.9% | +$377.00 |
| $131.91 | +99.0% | +$377.00 |
When traders use collar on ITEQ
Collars on ITEQ hedge an existing long ITEQ 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.
ITEQ thesis for this collar
The market-implied 1-standard-deviation range for ITEQ extends from approximately $56.83 on the downside to $75.75 on the upside. A ITEQ collar hedges an existing long ITEQ 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 ITEQ IV rank near 28.77% 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 ITEQ at 49.80%. As a Financial Services name, ITEQ options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to ITEQ-specific events.
ITEQ 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. ITEQ positions also carry Financial Services sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move ITEQ alongside the broader basket even when ITEQ-specific fundamentals are unchanged. Always rebuild the position from current ITEQ chain quotes before placing a trade.
Frequently asked questions
- What is a collar on ITEQ?
- A collar on ITEQ is the collar strategy applied to ITEQ (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 ITEQ etf trading near $66.29, the strikes shown on this page are snapped to the nearest listed ITEQ chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are ITEQ 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 ITEQ collar priced from the end-of-day chain at a 30-day expiry (ATM IV 49.80%), the computed maximum profit is $377.00 per contract and the computed maximum loss is -$323.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a ITEQ collar?
- The breakeven for the ITEQ collar priced on this page is roughly $66.23 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 ITEQ market-implied 1-standard-deviation expected move is approximately 14.28%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
- When should you consider a collar on ITEQ?
- Collars on ITEQ hedge an existing long ITEQ 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 ITEQ implied volatility affect this collar?
- ITEQ ATM IV is at 49.80% with IV rank near 28.77%, 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.