YALL Collar Strategy
YALL (God Bless America ETF), in the Financial Services sector, (Asset Management industry), listed on AMEX.
The Fund seeks capital appreciation. The Fund is an actively-managed ETF. The Sub-Adviser selects investments for the Fund from a U.S. listed equity securities with market capitalizations of at least $1 billion. The Fund eliminates companies that, in the Sub-Advisers assessment, have emphasized politically left and/or.
YALL (God Bless America ETF) trades in the Financial Services sector, specifically Asset Management, with a market capitalization of approximately $95.6M, a beta of 0.98 versus the broader market, a 52-week range of 39.84-45.59, average daily share volume of 8K, a public-listing history dating back to 2022, approximately 723 full-time employees. These structural characteristics shape how YALL etf options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 0.98 places YALL roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. YALL pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.
What is a collar on YALL?
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 YALL snapshot
As of June 29, 2026, spot at $42.35, ATM IV 30.30%, IV rank 25.44%, expected move 8.69%. The collar on YALL 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 18-day expiry.
Why this collar structure on YALL specifically: IV regime affects collar pricing on both sides; compressed YALL IV at 30.30% typically pushes the short call premium to roughly offset the long put cost, with a market-implied 1-standard-deviation move of approximately 8.69% (roughly $3.68 on the underlying). The 18-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated YALL expiries trade a higher absolute premium for lower per-day decay. Position sizing on YALL should anchor to the underlying notional of $42.35 per share and to the trader's directional view on YALL etf.
YALL collar setup
The YALL 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 YALL near $42.35, the first option leg uses a $44.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed YALL chain at a 18-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 YALL shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 100 shares | Stock | $42.35 | long |
| Sell 1 | Call | $44.00 | $0.54 |
| Buy 1 | Put | $40.00 | $0.29 |
YALL collar risk and reward
- Net Premium / Debit
- -$4,210.00
- Max Profit (per contract)
- $190.00
- Max Loss (per contract)
- -$210.00
- Breakeven(s)
- $42.10
- Risk / Reward Ratio
- 0.905
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.
YALL collar payoff curve
Modeled P&L at expiration across a range of underlying prices for the collar on YALL. 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% | -$210.00 |
| $9.37 | -77.9% | -$210.00 |
| $18.74 | -55.8% | -$210.00 |
| $28.10 | -33.7% | -$210.00 |
| $37.46 | -11.5% | -$210.00 |
| $46.82 | +10.6% | +$190.00 |
| $56.19 | +32.7% | +$190.00 |
| $65.55 | +54.8% | +$190.00 |
| $74.91 | +76.9% | +$190.00 |
| $84.27 | +99.0% | +$190.00 |
When traders use collar on YALL
Collars on YALL hedge an existing long YALL 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.
YALL thesis for this collar
The market-implied 1-standard-deviation range for YALL extends from approximately $38.67 on the downside to $46.03 on the upside. A YALL collar hedges an existing long YALL 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 YALL IV rank near 25.44% 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 YALL at 30.30%. As a Financial Services name, YALL options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to YALL-specific events.
YALL 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. YALL positions also carry Financial Services sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move YALL alongside the broader basket even when YALL-specific fundamentals are unchanged. Always rebuild the position from current YALL chain quotes before placing a trade.
Frequently asked questions
- What is a collar on YALL?
- A collar on YALL is the collar strategy applied to YALL (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 YALL etf trading near $42.35, the strikes shown on this page are snapped to the nearest listed YALL chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are YALL 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 YALL collar priced from the end-of-day chain at a 30-day expiry (ATM IV 30.30%), the computed maximum profit is $190.00 per contract and the computed maximum loss is -$210.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a YALL collar?
- The breakeven for the YALL collar priced on this page is roughly $42.10 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 YALL market-implied 1-standard-deviation expected move is approximately 8.69%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
- When should you consider a collar on YALL?
- Collars on YALL hedge an existing long YALL 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 YALL implied volatility affect this collar?
- YALL ATM IV is at 30.30% with IV rank near 25.44%, 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.