QGRW Collar Strategy
QGRW (WisdomTree U.S. Quality Growth Fund), in the Financial Services sector, (Asset Management industry), listed on AMEX.
The index is a market-capitalization weighted index that is comprised of 100 U.S. large-capitalization and mid-capitalization companies with the highest composite scores based on two fundamental factors: growth and quality, which are equally weighted. To the extent the index concentrates (i.e., holds 25% or more of its total assets) in the securities of a particular industry or group of industries, the fund will concentrate its investments to approximately the same extent as the index. It is non-diversified.
QGRW (WisdomTree U.S. Quality Growth Fund) trades in the Financial Services sector, specifically Asset Management, with a market capitalization of approximately $2.31B, a beta of 1.27 versus the broader market, a 52-week range of 47.7-65.72, average daily share volume of 313K, a public-listing history dating back to 2022. These structural characteristics shape how QGRW etf options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.27 places QGRW roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. QGRW pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.
What is a collar on QGRW?
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 QGRW snapshot
As of May 15, 2026, spot at $65.31, ATM IV 25.10%, IV rank 3.77%, expected move 7.20%. The collar on QGRW 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 34-day expiry.
Why this collar structure on QGRW specifically: IV regime affects collar pricing on both sides; compressed QGRW IV at 25.10% typically pushes the short call premium to roughly offset the long put cost, with a market-implied 1-standard-deviation move of approximately 7.20% (roughly $4.70 on the underlying). The 34-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated QGRW expiries trade a higher absolute premium for lower per-day decay. Position sizing on QGRW should anchor to the underlying notional of $65.31 per share and to the trader's directional view on QGRW etf.
QGRW collar setup
The QGRW 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 QGRW near $65.31, the first option leg uses a $69.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed QGRW chain at a 34-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 QGRW shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 100 shares | Stock | $65.31 | long |
| Sell 1 | Call | $69.00 | $0.74 |
| Buy 1 | Put | $62.00 | $0.71 |
QGRW collar risk and reward
- Net Premium / Debit
- -$6,528.00
- Max Profit (per contract)
- $372.00
- Max Loss (per contract)
- -$328.00
- Breakeven(s)
- $65.28
- Risk / Reward Ratio
- 1.134
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.
QGRW collar payoff curve
Modeled P&L at expiration across a range of underlying prices for the collar on QGRW. 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% | -$328.00 |
| $14.45 | -77.9% | -$328.00 |
| $28.89 | -55.8% | -$328.00 |
| $43.33 | -33.7% | -$328.00 |
| $57.77 | -11.5% | -$328.00 |
| $72.21 | +10.6% | +$372.00 |
| $86.65 | +32.7% | +$372.00 |
| $101.09 | +54.8% | +$372.00 |
| $115.52 | +76.9% | +$372.00 |
| $129.96 | +99.0% | +$372.00 |
When traders use collar on QGRW
Collars on QGRW hedge an existing long QGRW 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.
QGRW thesis for this collar
The market-implied 1-standard-deviation range for QGRW extends from approximately $60.61 on the downside to $70.01 on the upside. A QGRW collar hedges an existing long QGRW 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 QGRW IV rank near 3.77% 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 QGRW at 25.10%. As a Financial Services name, QGRW options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to QGRW-specific events.
QGRW 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. QGRW positions also carry Financial Services sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move QGRW alongside the broader basket even when QGRW-specific fundamentals are unchanged. Always rebuild the position from current QGRW chain quotes before placing a trade.
Frequently asked questions
- What is a collar on QGRW?
- A collar on QGRW is the collar strategy applied to QGRW (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 QGRW etf trading near $65.31, the strikes shown on this page are snapped to the nearest listed QGRW chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are QGRW 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 QGRW collar priced from the end-of-day chain at a 30-day expiry (ATM IV 25.10%), the computed maximum profit is $372.00 per contract and the computed maximum loss is -$328.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a QGRW collar?
- The breakeven for the QGRW collar priced on this page is roughly $65.28 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 QGRW market-implied 1-standard-deviation expected move is approximately 7.20%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
- When should you consider a collar on QGRW?
- Collars on QGRW hedge an existing long QGRW 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 QGRW implied volatility affect this collar?
- QGRW ATM IV is at 25.10% with IV rank near 3.77%, 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.