How are ACMR 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 ACMR collar priced from the September 29, 2026 end-of-day chain at a 30-day expiry (ATM IV 81.09%), the computed maximum profit is $555.00 per contract and the computed maximum loss is -$245.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a ACMR collar?

The breakeven for the ACMR collar priced on this page is roughly $73.45 at expiration, derived from the September 29, 2026 end-of-day chain's premiums. Breakeven is the underlying price at which the strategy's P&L crosses zero ignoring transaction costs and assignment risk. The ACMR market-implied 1-standard-deviation expected move in the same options snapshot is approximately 23.25%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current ACMR implied volatility affect this collar?

ACMR ATM IV is at 81.09% with IV rank near 33.87%, which is mid-range against its 1-year history. Strategy selection depends more on directional thesis and expected move than on a strong IV signal.

ACMR Collar Strategy

ACMR (ACM Research, Inc.), in the Technology sector, (Semiconductors industry), listed on NASDAQ.

ACM Research, Inc., along with its affiliated companies, is a global developer, manufacturer, and provider of specialized single-wafer wet cleaning systems. These crucial systems are designed to enhance manufacturing processes and improve the yield of integrated circuits across the globe. The company's innovative technological offerings include: Space Alternated Phase Shift (SAPS) technology: This system uniformly applies megasonic energy at a microscopic scale to both flat and patterned wafer surfaces by utilizing alternating phases of megasonic waves. Timely Energized Bubble Oscillation (TEBO) technology: Specifically engineered for patterned wafer surfaces at advanced process nodes, this technology precisely cleans intricate 2D and 3D patterned wafers. Tahoe technology: Providing superior cleaning performance, this solution significantly reduces the consumption of sulfuric acid and hydrogen peroxide. Electro-chemical plating technology: This offering facilitates advanced metal plating processes.

ACMR (ACM Research, Inc.) trades in the Technology sector, specifically Semiconductors, with a market capitalization of approximately $4.96B, a trailing P/E of 34.93, a beta of 1.95 versus the broader market, a 52-week range of 28.46-127.19, average daily share volume of 1.4M, a public-listing history dating back to 2017, approximately 3K full-time employees. These structural characteristics shape how ACMR stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 1.95 indicates ACMR has historically moved more than the broader market, amplifying both the directional payoff and the realized volatility relative to an index-equivalent position.

What is a collar on ACMR?

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.

ACMR snapshot

As of September 29, 2026, spot at $75.00, ATM IV 81.09%, IV rank 33.87%, expected move 23.25%. The collar on ACMR below is built from the September 29, 2026 end-of-day chain, with strikes snapped to listed contracts and premiums pulled from the bid/ask midpoint at a 31-day expiry.

Why this collar structure on ACMR specifically: IV regime affects collar pricing on both sides; mid-range ACMR IV at 81.09% typically pushes the short call premium to roughly offset the long put cost, with a market-implied 1-standard-deviation move of approximately 23.25% (roughly $17.44 on the underlying). The 31-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated ACMR expiries trade a higher absolute premium for lower per-day decay. Position sizing on ACMR should anchor to the underlying notional of $75.00 per share and to the trader's directional view on ACMR stock.

ACMR collar setup

The ACMR collar below is built from the September 29, 2026 end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With ACMR at $75.00 on that close, the first option leg uses a $79.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed ACMR chain at a 31-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 ACMR shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Buy 100 shares	Stock	$75.00	long
Sell 1	Call	$79.00	$5.90
Buy 1	Put	$71.00	$4.35

ACMR collar risk and reward

Net Premium / Debit: -$7,345.00
Max Profit (per contract): $555.00
Max Loss (per contract): -$245.00
Breakeven(s): $73.45
Risk / Reward Ratio: 2.265

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.

ACMR collar payoff curve

Modeled P&L at expiration across a range of underlying prices for the collar on ACMR. 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.

P&L at expiration across the modeled underlying-price range. Green shading marks profitable regions, red shading marks loss regions. Dotted purple verticals mark breakevens; the solid dark vertical marks current spot.

Underlying Price	% From Spot	P&L at Expiration
$0.01	-100.0%	-$245.00
$16.59	-77.9%	-$245.00
$33.17	-55.8%	-$245.00
$49.76	-33.7%	-$245.00
$66.34	-11.6%	-$245.00
$82.92	+10.6%	+$555.00
$99.50	+32.7%	+$555.00
$116.08	+54.8%	+$555.00
$132.66	+76.9%	+$555.00
$149.25	+99.0%	+$555.00

When traders use collar on ACMR

Collars on ACMR hedge an existing long ACMR stock 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.

ACMR thesis for this collar

The market-implied 1-standard-deviation range for ACMR extends from approximately $57.56 on the downside to $92.44 on the upside. A ACMR collar hedges an existing long ACMR 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 ACMR IV rank near 33.87% is mid-range against its 1-year distribution, so the IV signal is neutral; the collar thesis on ACMR should anchor more to the directional view and the expected-move geometry. As a Technology name, ACMR options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to ACMR-specific events.

ACMR 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. ACMR positions also carry Technology sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move ACMR alongside the broader basket even when ACMR-specific fundamentals are unchanged. Always rebuild the position from current ACMR chain quotes before placing a trade.

Frequently asked questions

What is a collar on ACMR?: A collar on ACMR is the collar strategy applied to ACMR (stock). 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 ACMR stock at $75.00 on the September 29, 2026 close, the strikes shown on this page are snapped to the nearest listed ACMR chain strike and the premiums come straight from that session's bid/ask midpoint.
How are ACMR 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 ACMR collar priced from the September 29, 2026 end-of-day chain at a 30-day expiry (ATM IV 81.09%), the computed maximum profit is $555.00 per contract and the computed maximum loss is -$245.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a ACMR collar?: The breakeven for the ACMR collar priced on this page is roughly $73.45 at expiration, derived from the September 29, 2026 end-of-day chain's premiums. Breakeven is the underlying price at which the strategy's P&L crosses zero ignoring transaction costs and assignment risk. The ACMR market-implied 1-standard-deviation expected move in the same options snapshot is approximately 23.25%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
When should you consider a collar on ACMR?: Collars on ACMR hedge an existing long ACMR stock 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 ACMR implied volatility affect this collar?: ACMR ATM IV is at 81.09% with IV rank near 33.87%, which is mid-range against its 1-year history. Strategy selection depends more on directional thesis and expected move than on a strong IV signal.