TINT Collar Strategy
TINT (ProShares - Smart Materials ETF), in the Financial Services sector, (Asset Management industry), listed on AMEX.
The index selects companies focused on making or applying industrial innovations which allow for improved products, processes, or techniques through advanced, responsive, or intelligent materials. The fund adviser seeks to remain fully invested at all times in securities and/or financial instruments that, in combination, provide exposure to the returns of the index without regard to market conditions, trends or direction. The fund is non-diversified.
TINT (ProShares - Smart Materials ETF) trades in the Financial Services sector, specifically Asset Management, with a market capitalization of approximately $2.0M, a beta of 1.38 versus the broader market, a 52-week range of 28.369-41.95, average daily share volume of 1K, a public-listing history dating back to 2021. These structural characteristics shape how TINT etf options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.38 indicates TINT has historically moved more than the broader market, amplifying both the directional payoff and the realized volatility relative to an index-equivalent position. TINT pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.
What is a collar on TINT?
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 TINT snapshot
As of May 15, 2026, spot at $40.77, ATM IV 26.20%, IV rank 3.28%, expected move 7.51%. The collar on TINT 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 TINT specifically: IV regime affects collar pricing on both sides; compressed TINT IV at 26.20% typically pushes the short call premium to roughly offset the long put cost, with a market-implied 1-standard-deviation move of approximately 7.51% (roughly $3.06 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 TINT expiries trade a higher absolute premium for lower per-day decay. Position sizing on TINT should anchor to the underlying notional of $40.77 per share and to the trader's directional view on TINT etf.
TINT collar setup
The TINT 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 TINT near $40.77, the first option leg uses a $43.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed TINT 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 TINT shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 100 shares | Stock | $40.77 | long |
| Sell 1 | Call | $43.00 | $0.52 |
| Buy 1 | Put | $39.00 | $0.46 |
TINT collar risk and reward
- Net Premium / Debit
- -$4,071.00
- Max Profit (per contract)
- $229.00
- Max Loss (per contract)
- -$171.00
- Breakeven(s)
- $40.71
- Risk / Reward Ratio
- 1.339
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.
TINT collar payoff curve
Modeled P&L at expiration across a range of underlying prices for the collar on TINT. 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% | -$171.00 |
| $9.02 | -77.9% | -$171.00 |
| $18.04 | -55.8% | -$171.00 |
| $27.05 | -33.7% | -$171.00 |
| $36.06 | -11.5% | -$171.00 |
| $45.08 | +10.6% | +$229.00 |
| $54.09 | +32.7% | +$229.00 |
| $63.10 | +54.8% | +$229.00 |
| $72.12 | +76.9% | +$229.00 |
| $81.13 | +99.0% | +$229.00 |
When traders use collar on TINT
Collars on TINT hedge an existing long TINT 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.
TINT thesis for this collar
The market-implied 1-standard-deviation range for TINT extends from approximately $37.71 on the downside to $43.83 on the upside. A TINT collar hedges an existing long TINT 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 TINT IV rank near 3.28% 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 TINT at 26.20%. As a Financial Services name, TINT options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to TINT-specific events.
TINT 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. TINT positions also carry Financial Services sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move TINT alongside the broader basket even when TINT-specific fundamentals are unchanged. Always rebuild the position from current TINT chain quotes before placing a trade.
Frequently asked questions
- What is a collar on TINT?
- A collar on TINT is the collar strategy applied to TINT (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 TINT etf trading near $40.77, the strikes shown on this page are snapped to the nearest listed TINT chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are TINT 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 TINT collar priced from the end-of-day chain at a 30-day expiry (ATM IV 26.20%), the computed maximum profit is $229.00 per contract and the computed maximum loss is -$171.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a TINT collar?
- The breakeven for the TINT collar priced on this page is roughly $40.71 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 TINT market-implied 1-standard-deviation expected move is approximately 7.51%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
- When should you consider a collar on TINT?
- Collars on TINT hedge an existing long TINT 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 TINT implied volatility affect this collar?
- TINT ATM IV is at 26.20% with IV rank near 3.28%, 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.