SFYF Collar Strategy
SFYF (SoFi Social 50 ETF), in the Financial Services sector, (Asset Management industry), listed on AMEX.
Under normal circumstances, at least 80% of the fund's total assets (exclusive of any collateral held from securities lending) will be invested in the component securities of the index. The index follows a rules-based methodology that tracks the performance of a portfolio of the 50 most widely held U.S.-listed equity securities in self-directed brokerage accounts (the "SoFi Accounts") of SoFi Securities, LLC, an affiliate of Social Finance, Inc. ("SoFi"), as determined using the rules-based methodology.
SFYF (SoFi Social 50 ETF) trades in the Financial Services sector, specifically Asset Management, with a market capitalization of approximately $39.7M, a beta of 1.49 versus the broader market, a 52-week range of 43.16-63.18, average daily share volume of 4K, a public-listing history dating back to 2019. These structural characteristics shape how SFYF etf options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.49 indicates SFYF has historically moved more than the broader market, amplifying both the directional payoff and the realized volatility relative to an index-equivalent position. SFYF pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.
What is a collar on SFYF?
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 SFYF snapshot
As of May 15, 2026, spot at $62.19, ATM IV 24.60%, IV rank 7.01%, expected move 7.05%. The collar on SFYF 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 98-day expiry.
Why this collar structure on SFYF specifically: IV regime affects collar pricing on both sides; compressed SFYF IV at 24.60% typically pushes the short call premium to roughly offset the long put cost, with a market-implied 1-standard-deviation move of approximately 7.05% (roughly $4.39 on the underlying). The 98-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated SFYF expiries trade a higher absolute premium for lower per-day decay. Position sizing on SFYF should anchor to the underlying notional of $62.19 per share and to the trader's directional view on SFYF etf.
SFYF collar setup
The SFYF 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 SFYF near $62.19, the first option leg uses a $65.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed SFYF chain at a 98-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 SFYF shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 100 shares | Stock | $62.19 | long |
| Sell 1 | Call | $65.00 | $2.22 |
| Buy 1 | Put | $59.00 | $1.93 |
SFYF collar risk and reward
- Net Premium / Debit
- -$6,190.00
- Max Profit (per contract)
- $310.00
- Max Loss (per contract)
- -$290.00
- Breakeven(s)
- $61.90
- Risk / Reward Ratio
- 1.069
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.
SFYF collar payoff curve
Modeled P&L at expiration across a range of underlying prices for the collar on SFYF. 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% | -$290.00 |
| $13.76 | -77.9% | -$290.00 |
| $27.51 | -55.8% | -$290.00 |
| $41.26 | -33.7% | -$290.00 |
| $55.01 | -11.5% | -$290.00 |
| $68.76 | +10.6% | +$310.00 |
| $82.51 | +32.7% | +$310.00 |
| $96.26 | +54.8% | +$310.00 |
| $110.01 | +76.9% | +$310.00 |
| $123.76 | +99.0% | +$310.00 |
When traders use collar on SFYF
Collars on SFYF hedge an existing long SFYF 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.
SFYF thesis for this collar
The market-implied 1-standard-deviation range for SFYF extends from approximately $57.80 on the downside to $66.58 on the upside. A SFYF collar hedges an existing long SFYF 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 SFYF IV rank near 7.01% 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 SFYF at 24.60%. As a Financial Services name, SFYF options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to SFYF-specific events.
SFYF 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. SFYF positions also carry Financial Services sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move SFYF alongside the broader basket even when SFYF-specific fundamentals are unchanged. Always rebuild the position from current SFYF chain quotes before placing a trade.
Frequently asked questions
- What is a collar on SFYF?
- A collar on SFYF is the collar strategy applied to SFYF (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 SFYF etf trading near $62.19, the strikes shown on this page are snapped to the nearest listed SFYF chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are SFYF 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 SFYF collar priced from the end-of-day chain at a 30-day expiry (ATM IV 24.60%), the computed maximum profit is $310.00 per contract and the computed maximum loss is -$290.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a SFYF collar?
- The breakeven for the SFYF collar priced on this page is roughly $61.90 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 SFYF market-implied 1-standard-deviation expected move is approximately 7.05%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
- When should you consider a collar on SFYF?
- Collars on SFYF hedge an existing long SFYF 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 SFYF implied volatility affect this collar?
- SFYF ATM IV is at 24.60% with IV rank near 7.01%, 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.