How are AMCR 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 AMCR collar priced from the end-of-day chain at a 30-day expiry (ATM IV 33.60%), the computed maximum profit is $185.50 per contract and the computed maximum loss is -$214.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a AMCR collar?

The breakeven for the AMCR collar priced on this page is roughly $37.15 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 AMCR market-implied 1-standard-deviation expected move is approximately 9.63%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current AMCR implied volatility affect this collar?

AMCR ATM IV is at 33.60% with IV rank near 29.92%, 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.

AMCR Collar Strategy

AMCR (Amcor plc), in the Consumer Cyclical sector, (Packaging & Containers industry), listed on NYSE.

Amcor plc develops, produces, and sells packaging products in Europe, North America, Latin America, Africa, and the Asia Pacific regions. The company operates through two segments, Flexibles and Rigid Packaging. The Flexibles segment provides flexible and film packaging products in the food and beverage, medical and pharmaceutical, fresh produce, snack food, personal care, and other industries. The Rigid Packaging segment offers rigid containers for a range of beverage and food products, including carbonated soft drinks, water, juices, sports drinks, milk-based beverages, spirits and beer, sauces, dressings, spreads, and personal care items; and plastic caps for various applications. The company sells its products primarily through its direct sales force. Amcor plc was incorporated in 2018 and is headquartered in Zürich, Switzerland.

AMCR (Amcor plc) trades in the Consumer Cyclical sector, specifically Packaging & Containers, with a market capitalization of approximately $18.08B, a trailing P/E of 26.72, a beta of 0.63 versus the broader market, a 52-week range of 36.67-50.94, average daily share volume of 5.5M, a public-listing history dating back to 2012, approximately 77K full-time employees. These structural characteristics shape how AMCR stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 0.63 indicates AMCR has historically moved less than the broader market, dampening realized volatility and producing tighter expected-move bands per unit of dollar exposure. AMCR pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.

What is a collar on AMCR?

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 AMCR snapshot

As of May 15, 2026, spot at $36.77, ATM IV 33.60%, IV rank 29.92%, expected move 9.63%. The collar on AMCR 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 AMCR specifically: IV regime affects collar pricing on both sides; compressed AMCR IV at 33.60% typically pushes the short call premium to roughly offset the long put cost, with a market-implied 1-standard-deviation move of approximately 9.63% (roughly $3.54 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 AMCR expiries trade a higher absolute premium for lower per-day decay. Position sizing on AMCR should anchor to the underlying notional of $36.77 per share and to the trader's directional view on AMCR stock.

AMCR collar setup

The AMCR 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 AMCR near $36.77, the first option leg uses a $39.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed AMCR 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 AMCR shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Buy 100 shares	Stock	$36.77	long
Sell 1	Call	$39.00	$0.53
Buy 1	Put	$35.00	$0.90

AMCR collar risk and reward

Net Premium / Debit: -$3,714.50
Max Profit (per contract): $185.50
Max Loss (per contract): -$214.50
Breakeven(s): $37.15
Risk / Reward Ratio: 0.865

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.

AMCR collar payoff curve

Modeled P&L at expiration across a range of underlying prices for the collar on AMCR. 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%	-$214.50
$8.14	-77.9%	-$214.50
$16.27	-55.8%	-$214.50
$24.40	-33.7%	-$214.50
$32.53	-11.5%	-$214.50
$40.65	+10.6%	+$185.50
$48.78	+32.7%	+$185.50
$56.91	+54.8%	+$185.50
$65.04	+76.9%	+$185.50
$73.17	+99.0%	+$185.50

When traders use collar on AMCR

Collars on AMCR hedge an existing long AMCR 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.

AMCR thesis for this collar

The market-implied 1-standard-deviation range for AMCR extends from approximately $33.23 on the downside to $40.31 on the upside. A AMCR collar hedges an existing long AMCR 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 AMCR IV rank near 29.92% 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 AMCR at 33.60%. As a Consumer Cyclical name, AMCR options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to AMCR-specific events.

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

Frequently asked questions

What is a collar on AMCR?: A collar on AMCR is the collar strategy applied to AMCR (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 AMCR stock trading near $36.77, the strikes shown on this page are snapped to the nearest listed AMCR chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
How are AMCR 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 AMCR collar priced from the end-of-day chain at a 30-day expiry (ATM IV 33.60%), the computed maximum profit is $185.50 per contract and the computed maximum loss is -$214.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a AMCR collar?: The breakeven for the AMCR collar priced on this page is roughly $37.15 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 AMCR market-implied 1-standard-deviation expected move is approximately 9.63%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
When should you consider a collar on AMCR?: Collars on AMCR hedge an existing long AMCR 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 AMCR implied volatility affect this collar?: AMCR ATM IV is at 33.60% with IV rank near 29.92%, 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.