AMKR Collar Strategy
AMKR (Amkor Technology, Inc.), in the Technology sector, (Semiconductors industry), listed on NASDAQ.
Amkor Technology, Inc. provides outsourced semiconductor packaging and test services in the United States, Japan, Europe, the Middle East, Africa, and the rest of the Asia Pacific. It offers turnkey packaging and test services, including semiconductor wafer bump, wafer probe, wafer back-grind, package design, packaging, and test and drop shipment services. The company also provides flip chip-scale package products for use in smartphones, tablets, and other mobile consumer electronic devices; flip-chip stacked chip-scale packages that are used to stack memory on top of digital baseband, and as applications processors in mobile devices; and flip-chip ball grid array packages for various networking, storage, computing, and consumer applications. In addition, it offers wafer-level CSP packages that are used in power management, transceivers, sensors, wireless charging, codecs, radar, and specialty silicon; wafer-level fan-out packages for use in ICs; and silicon wafer integrated fan-out technology, which replaces a laminate substrate with a thinner structure. Further, the company provides lead frame packages that are used in electronic devices for low to medium pin count analog and mixed-signal applications; substrate-based wirebond packages, which are used to connect a die to a substrate; micro-electro-mechanical systems (MEMS) packages that are miniaturized mechanical and electromechanical devices; and advanced system-in-package modules, which are used in radio frequency and front end modules, basebands, connectivity, fingerprint sensors, display and touch screen drivers, sensors and MEMS, and NAND memory and solid-state drives. It primarily serves integrated device manufacturers, fabless semiconductor companies, original equipment manufacturers, and contract foundries.
AMKR (Amkor Technology, Inc.) trades in the Technology sector, specifically Semiconductors, with a market capitalization of approximately $18.49B, a trailing P/E of 42.35, a beta of 2.31 versus the broader market, a 52-week range of 17.79-79.23, average daily share volume of 4.3M, a public-listing history dating back to 1998, approximately 28K full-time employees. These structural characteristics shape how AMKR stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 2.31 indicates AMKR has historically moved more than the broader market, amplifying both the directional payoff and the realized volatility relative to an index-equivalent position. The trailing P/E of 42.35 is on the rich side, which tends to correlate with higher earnings-window IV expansion as the market debates whether forward growth supports the multiple. AMKR pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.
What is a collar on AMKR?
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 AMKR snapshot
As of May 15, 2026, spot at $70.59, ATM IV 83.80%, IV rank 55.60%, expected move 24.02%. The collar on AMKR 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 AMKR specifically: IV regime affects collar pricing on both sides; mid-range AMKR IV at 83.80% typically pushes the short call premium to roughly offset the long put cost, with a market-implied 1-standard-deviation move of approximately 24.02% (roughly $16.96 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 AMKR expiries trade a higher absolute premium for lower per-day decay. Position sizing on AMKR should anchor to the underlying notional of $70.59 per share and to the trader's directional view on AMKR stock.
AMKR collar setup
The AMKR 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 AMKR near $70.59, the first option leg uses a $75.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed AMKR 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 AMKR shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 100 shares | Stock | $70.59 | long |
| Sell 1 | Call | $75.00 | $5.45 |
| Buy 1 | Put | $65.00 | $4.40 |
AMKR collar risk and reward
- Net Premium / Debit
- -$6,954.00
- Max Profit (per contract)
- $546.00
- Max Loss (per contract)
- -$454.00
- Breakeven(s)
- $69.54
- Risk / Reward Ratio
- 1.203
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.
AMKR collar payoff curve
Modeled P&L at expiration across a range of underlying prices for the collar on AMKR. 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% | -$454.00 |
| $15.62 | -77.9% | -$454.00 |
| $31.22 | -55.8% | -$454.00 |
| $46.83 | -33.7% | -$454.00 |
| $62.44 | -11.5% | -$454.00 |
| $78.04 | +10.6% | +$546.00 |
| $93.65 | +32.7% | +$546.00 |
| $109.26 | +54.8% | +$546.00 |
| $124.86 | +76.9% | +$546.00 |
| $140.47 | +99.0% | +$546.00 |
When traders use collar on AMKR
Collars on AMKR hedge an existing long AMKR 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.
AMKR thesis for this collar
The market-implied 1-standard-deviation range for AMKR extends from approximately $53.63 on the downside to $87.55 on the upside. A AMKR collar hedges an existing long AMKR 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 AMKR IV rank near 55.60% is mid-range against its 1-year distribution, so the IV signal is neutral; the collar thesis on AMKR should anchor more to the directional view and the expected-move geometry. As a Technology name, AMKR options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to AMKR-specific events.
AMKR 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. AMKR positions also carry Technology sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move AMKR alongside the broader basket even when AMKR-specific fundamentals are unchanged. Always rebuild the position from current AMKR chain quotes before placing a trade.
Frequently asked questions
- What is a collar on AMKR?
- A collar on AMKR is the collar strategy applied to AMKR (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 AMKR stock trading near $70.59, the strikes shown on this page are snapped to the nearest listed AMKR chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are AMKR 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 AMKR collar priced from the end-of-day chain at a 30-day expiry (ATM IV 83.80%), the computed maximum profit is $546.00 per contract and the computed maximum loss is -$454.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a AMKR collar?
- The breakeven for the AMKR collar priced on this page is roughly $69.54 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 AMKR market-implied 1-standard-deviation expected move is approximately 24.02%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
- When should you consider a collar on AMKR?
- Collars on AMKR hedge an existing long AMKR 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 AMKR implied volatility affect this collar?
- AMKR ATM IV is at 83.80% with IV rank near 55.60%, 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.