AMG Collar Strategy
AMG (Affiliated Managers Group, Inc.), in the Financial Services sector, (Asset Management industry), listed on NYSE.
Affiliated Managers Group, Inc. (AMG) functions as an asset management firm, leveraging its network of affiliates to provide comprehensive investment management solutions. Its primary clientele in the United States includes mutual funds, institutional investors, and high-net-worth individuals. AMG additionally offers advisory and subadvisory services to mutual funds, which are distributed to retail and institutional clients through direct channels and a wide range of intermediaries. These intermediaries encompass independent financial advisors, retirement plan sponsors, broker-dealers, major fund marketplaces, and bank trust departments. The company delivers a diverse portfolio of investment products to its institutional clients, covering various styles such as equity strategies focused on small, small-to-mid, mid, and large-capitalization value and growth, as well as emerging markets. AMG's offerings further extend to quantitative, alternative, and fixed-income products.
AMG (Affiliated Managers Group, Inc.) trades in the Financial Services sector, specifically Asset Management, with a market capitalization of approximately $9.57B, a trailing P/E of 11.17, a beta of 1.11 versus the broader market, a 52-week range of 215-392.92, average daily share volume of 319K, a public-listing history dating back to 1997, approximately 6K full-time employees. These structural characteristics shape how AMG stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.11 places AMG roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. The trailing P/E of 11.17 is on the value side, where IV often compresses outside event windows because forward growth expectations are already discounted into the share price. AMG pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.
What is a collar on AMG?
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.
AMG snapshot
As of August 14, 2026, spot at $373.79, ATM IV 36.60%, IV rank 55.08%, expected move 10.49%. The collar on AMG below is built from the August 14, 2026 end-of-day chain, with strikes snapped to listed contracts and premiums pulled from the bid/ask midpoint at a 35-day expiry.
Why this collar structure on AMG specifically: IV regime affects collar pricing on both sides; mid-range AMG IV at 36.60% typically pushes the short call premium to roughly offset the long put cost, with a market-implied 1-standard-deviation move of approximately 10.49% (roughly $39.22 on the underlying). The 35-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated AMG expiries trade a higher absolute premium for lower per-day decay. Position sizing on AMG should anchor to the underlying notional of $373.79 per share and to the trader's directional view on AMG stock.
AMG collar setup
The AMG collar below is built from the August 14, 2026 end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With AMG at $373.79 on that close, the first option leg uses a $390.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed AMG chain at a 35-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 AMG shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 100 shares | Stock | $373.79 | long |
| Sell 1 | Call | $390.00 | $9.65 |
| Buy 1 | Put | $360.00 | $10.80 |
AMG collar risk and reward
- Net Premium / Debit
- -$37,494.00
- Max Profit (per contract)
- $1,506.00
- Max Loss (per contract)
- -$1,494.00
- Breakeven(s)
- $374.94
- Risk / Reward Ratio
- 1.008
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.
AMG collar payoff curve
Modeled P&L at expiration across a range of underlying prices for the collar on AMG. 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% | -$1,494.00 |
| $82.66 | -77.9% | -$1,494.00 |
| $165.30 | -55.8% | -$1,494.00 |
| $247.95 | -33.7% | -$1,494.00 |
| $330.59 | -11.6% | -$1,494.00 |
| $413.24 | +10.6% | +$1,506.00 |
| $495.89 | +32.7% | +$1,506.00 |
| $578.53 | +54.8% | +$1,506.00 |
| $661.18 | +76.9% | +$1,506.00 |
| $743.82 | +99.0% | +$1,506.00 |
When traders use collar on AMG
Collars on AMG hedge an existing long AMG 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.
AMG thesis for this collar
The market-implied 1-standard-deviation range for AMG extends from approximately $334.57 on the downside to $413.01 on the upside. A AMG collar hedges an existing long AMG 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 AMG IV rank near 55.08% is mid-range against its 1-year distribution, so the IV signal is neutral; the collar thesis on AMG should anchor more to the directional view and the expected-move geometry. As a Financial Services name, AMG options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to AMG-specific events.
AMG 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. AMG positions also carry Financial Services sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move AMG alongside the broader basket even when AMG-specific fundamentals are unchanged. Always rebuild the position from current AMG chain quotes before placing a trade.
Frequently asked questions
- What is a collar on AMG?
- A collar on AMG is the collar strategy applied to AMG (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 AMG stock at $373.79 on the August 14, 2026 close, the strikes shown on this page are snapped to the nearest listed AMG chain strike and the premiums come straight from that session's bid/ask midpoint.
- How are AMG 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 AMG collar priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 36.60%), the computed maximum profit is $1,506.00 per contract and the computed maximum loss is -$1,494.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a AMG collar?
- The breakeven for the AMG collar priced on this page is roughly $374.94 at expiration, derived from the August 14, 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 AMG market-implied 1-standard-deviation expected move in the same options snapshot is approximately 10.49%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
- When should you consider a collar on AMG?
- Collars on AMG hedge an existing long AMG 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 AMG implied volatility affect this collar?
- AMG ATM IV is at 36.60% with IV rank near 55.08%, 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.