ARDT Collar Strategy
ARDT (Ardent Health Partners, LLC), in the Healthcare sector, (Medical - Care Facilities industry), listed on NYSE.
Ardent Health Partners, LLC owns and operates a network of hospitals and clinics that provides a range of healthcare services in the United States. It operates acute care hospitals, including rehabilitation hospitals and surgical hospitals. The company was founded in 2001 and is based in Brentwood, Tennessee. Ardent Health Partners, LLC is a subsidiary of EGI-AM Investments, L.L.C.
ARDT (Ardent Health Partners, LLC) trades in the Healthcare sector, specifically Medical - Care Facilities, with a market capitalization of approximately $1.42B, a trailing P/E of 10.43, a beta of 0.93 versus the broader market, a 52-week range of 8.07-15.48, average daily share volume of 400K, a public-listing history dating back to 2024, approximately 19K full-time employees. These structural characteristics shape how ARDT stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 0.93 places ARDT roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. The trailing P/E of 10.43 is on the value side, where IV often compresses outside event windows because forward growth expectations are already discounted into the share price.
What is a collar on ARDT?
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 ARDT snapshot
As of May 15, 2026, spot at $10.18, ATM IV 52.70%, IV rank 6.73%, expected move 15.11%. The collar on ARDT 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 ARDT specifically: IV regime affects collar pricing on both sides; compressed ARDT IV at 52.70% typically pushes the short call premium to roughly offset the long put cost, with a market-implied 1-standard-deviation move of approximately 15.11% (roughly $1.54 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 ARDT expiries trade a higher absolute premium for lower per-day decay. Position sizing on ARDT should anchor to the underlying notional of $10.18 per share and to the trader's directional view on ARDT stock.
ARDT collar setup
The ARDT 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 ARDT near $10.18, the first option leg uses a $10.69 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed ARDT 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 ARDT shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 100 shares | Stock | $10.18 | long |
| Sell 1 | Call | $10.69 | N/A |
| Buy 1 | Put | $9.67 | N/A |
ARDT 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.
ARDT collar payoff curve
Modeled P&L at expiration across a range of underlying prices for the collar on ARDT. 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 ARDT
Collars on ARDT hedge an existing long ARDT 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.
ARDT thesis for this collar
The market-implied 1-standard-deviation range for ARDT extends from approximately $8.64 on the downside to $11.72 on the upside. A ARDT collar hedges an existing long ARDT 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 ARDT IV rank near 6.73% 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 ARDT at 52.70%. As a Healthcare name, ARDT options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to ARDT-specific events.
ARDT 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. ARDT positions also carry Healthcare sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move ARDT alongside the broader basket even when ARDT-specific fundamentals are unchanged. Always rebuild the position from current ARDT chain quotes before placing a trade.
Frequently asked questions
- What is a collar on ARDT?
- A collar on ARDT is the collar strategy applied to ARDT (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 ARDT stock trading near $10.18, the strikes shown on this page are snapped to the nearest listed ARDT chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are ARDT 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 ARDT collar priced from the end-of-day chain at a 30-day expiry (ATM IV 52.70%), 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 ARDT collar?
- The breakeven for the ARDT 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 ARDT market-implied 1-standard-deviation expected move is approximately 15.11%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
- When should you consider a collar on ARDT?
- Collars on ARDT hedge an existing long ARDT 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 ARDT implied volatility affect this collar?
- ARDT ATM IV is at 52.70% with IV rank near 6.73%, 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.