AMPL Collar Strategy
AMPL (Amplitude, Inc.), in the Technology sector, (Software - Application industry), listed on NASDAQ.
Amplitude, Inc. offers a sophisticated digital optimization platform to businesses across the United States and globally, focusing on analyzing and enhancing customer behavior within their digital products. The company's extensive product portfolio includes: Amplitude Analytics, which provides critical insights into user actions. Amplitude Recommend, a codeless personalization tool designed to boost customer engagement by dynamically adjusting digital products and campaigns based on individual user behavior. Amplitude Experiment, an integrated solution that empowers teams to define and deliver optimal customer experiences through systematic A/B testing and controlled feature deployment. Its unique Amplitude Behavioral Graph is a proprietary database capable of deep, real-time interactive behavioral analysis. This graph seamlessly links and correlates customer activities with key business outcomes like engagement, growth, and loyalty, enabling behavior-driven personalization.
AMPL (Amplitude, Inc.) trades in the Technology sector, specifically Software - Application, with a market capitalization of approximately $1.73B, a beta of 1.43 versus the broader market, a 52-week range of 5.51-13.58, average daily share volume of 2.5M, a public-listing history dating back to 2021, approximately 795 full-time employees. These structural characteristics shape how AMPL stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.43 indicates AMPL 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 AMPL?
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.
AMPL snapshot
As of August 14, 2026, spot at $13.06, ATM IV 60.40%, IV rank 16.30%, expected move 17.32%. The collar on AMPL below is built from the 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 AMPL specifically: IV regime affects collar pricing on both sides; compressed AMPL IV at 60.40% typically pushes the short call premium to roughly offset the long put cost, with a market-implied 1-standard-deviation move of approximately 17.32% (roughly $2.26 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 AMPL expiries trade a higher absolute premium for lower per-day decay. Position sizing on AMPL should anchor to the underlying notional of $13.06 per share and to the trader's directional view on AMPL stock.
AMPL collar setup
The AMPL 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 AMPL at $13.06 on that close, the first option leg uses a $13.71 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed AMPL 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 AMPL shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 100 shares | Stock | $13.06 | long |
| Sell 1 | Call | $13.71 | N/A |
| Buy 1 | Put | $12.41 | N/A |
AMPL 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.
AMPL collar payoff curve
Modeled P&L at expiration across a range of underlying prices for the collar on AMPL. 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 AMPL
Collars on AMPL hedge an existing long AMPL 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.
AMPL thesis for this collar
The market-implied 1-standard-deviation range for AMPL extends from approximately $10.80 on the downside to $15.32 on the upside. A AMPL collar hedges an existing long AMPL 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 AMPL IV rank near 16.30% 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 AMPL at 60.40%. As a Technology name, AMPL options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to AMPL-specific events.
AMPL 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. AMPL positions also carry Technology sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move AMPL alongside the broader basket even when AMPL-specific fundamentals are unchanged. Always rebuild the position from current AMPL chain quotes before placing a trade.
Frequently asked questions
- What is a collar on AMPL?
- A collar on AMPL is the collar strategy applied to AMPL (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 AMPL stock at $13.06 on the most recent close, the strikes shown on this page are snapped to the nearest listed AMPL chain strike and the premiums come straight from that session's bid/ask midpoint.
- How are AMPL 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 AMPL collar priced from the end-of-day chain at a 30-day expiry (ATM IV 60.40%), 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 AMPL collar?
- The breakeven for the AMPL collar priced on this page is no defined breakeven on the modeled curve at expiration, derived from the 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 AMPL market-implied 1-standard-deviation expected move in the same options snapshot is approximately 17.32%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
- When should you consider a collar on AMPL?
- Collars on AMPL hedge an existing long AMPL 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 AMPL implied volatility affect this collar?
- AMPL ATM IV is at 60.40% with IV rank near 16.30%, 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.