AESI Collar Strategy
AESI (Atlas Energy Solutions Inc.), in the Energy sector, (Oil & Gas Equipment & Services industry), listed on NYSE.
Atlas Energy Solutions Inc. provides proppant and logistics services to the oil and natural gas industry within the Permian Basin of West Texas and New Mexico. The company was founded in 2017 and is based in Austin, Texas.
AESI (Atlas Energy Solutions Inc.) trades in the Energy sector, specifically Oil & Gas Equipment & Services, with a market capitalization of approximately $2.37B, a beta of 1.04 versus the broader market, a 52-week range of 7.642-19.61, average daily share volume of 5.5M, a public-listing history dating back to 2023, approximately 1K full-time employees. These structural characteristics shape how AESI stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.04 places AESI roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. AESI pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.
What is a collar on AESI?
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 AESI snapshot
As of May 15, 2026, spot at $18.91, ATM IV 57.10%, IV rank 46.23%, expected move 16.37%. The collar on AESI 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 AESI specifically: IV regime affects collar pricing on both sides; mid-range AESI IV at 57.10% typically pushes the short call premium to roughly offset the long put cost, with a market-implied 1-standard-deviation move of approximately 16.37% (roughly $3.10 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 AESI expiries trade a higher absolute premium for lower per-day decay. Position sizing on AESI should anchor to the underlying notional of $18.91 per share and to the trader's directional view on AESI stock.
AESI collar setup
The AESI 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 AESI near $18.91, the first option leg uses a $19.86 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed AESI 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 AESI shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 100 shares | Stock | $18.91 | long |
| Sell 1 | Call | $19.86 | N/A |
| Buy 1 | Put | $17.96 | N/A |
AESI collar risk and reward
- Net Premium / Debit
- N/A
- Max Profit (per contract)
- Unbounded
- Max Loss (per contract)
- Unbounded
- Breakeven(s)
- None on modeled curve
- Risk / Reward Ratio
- N/A
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.
AESI collar payoff curve
Modeled P&L at expiration across a range of underlying prices for the collar on AESI. 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.
When traders use collar on AESI
Collars on AESI hedge an existing long AESI 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.
AESI thesis for this collar
The market-implied 1-standard-deviation range for AESI extends from approximately $15.81 on the downside to $22.01 on the upside. A AESI collar hedges an existing long AESI 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 AESI IV rank near 46.23% is mid-range against its 1-year distribution, so the IV signal is neutral; the collar thesis on AESI should anchor more to the directional view and the expected-move geometry. As a Energy name, AESI options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to AESI-specific events.
AESI 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. AESI positions also carry Energy sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move AESI alongside the broader basket even when AESI-specific fundamentals are unchanged. Always rebuild the position from current AESI chain quotes before placing a trade.
Frequently asked questions
- What is a collar on AESI?
- A collar on AESI is the collar strategy applied to AESI (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 AESI stock trading near $18.91, the strikes shown on this page are snapped to the nearest listed AESI chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are AESI 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 AESI collar priced from the end-of-day chain at a 30-day expiry (ATM IV 57.10%), the computed maximum profit is unbounded per contract and the computed maximum loss is unbounded per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a AESI collar?
- The breakeven for the AESI collar priced on this page is no defined breakeven on the modeled curve 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 AESI market-implied 1-standard-deviation expected move is approximately 16.37%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
- When should you consider a collar on AESI?
- Collars on AESI hedge an existing long AESI 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 AESI implied volatility affect this collar?
- AESI ATM IV is at 57.10% with IV rank near 46.23%, 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.