ARIS Collar Strategy
ARIS (Aris Mining Corporation), in the Basic Materials sector, (Other Precious Metals industry), listed on NYSE.
Aris Mining Corp. engages in the provision of gold mining services. It operates through the Segovia, Soto Norte, Toroparu, Juby and Marmato mines in Colombia. The company was founded in 1982 and is headquartered in Vancouver, Canada.
ARIS (Aris Mining Corporation) trades in the Basic Materials sector, specifically Other Precious Metals, with a market capitalization of approximately $4.07B, a trailing P/E of 23.33, a beta of 1.91 versus the broader market, a 52-week range of 5.535-23.29, average daily share volume of 1.8M, a public-listing history dating back to 1996, approximately 4K full-time employees. These structural characteristics shape how ARIS stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.91 indicates ARIS has historically moved more than the broader market, amplifying both the directional payoff and the realized volatility relative to an index-equivalent position. ARIS pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.
What is a collar on ARIS?
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 ARIS snapshot
As of May 15, 2026, spot at $18.21, ATM IV 55.10%, IV rank 33.38%, expected move 15.80%. The collar on ARIS 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 ARIS specifically: IV regime affects collar pricing on both sides; mid-range ARIS IV at 55.10% typically pushes the short call premium to roughly offset the long put cost, with a market-implied 1-standard-deviation move of approximately 15.80% (roughly $2.88 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 ARIS expiries trade a higher absolute premium for lower per-day decay. Position sizing on ARIS should anchor to the underlying notional of $18.21 per share and to the trader's directional view on ARIS stock.
ARIS collar setup
The ARIS 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 ARIS near $18.21, the first option leg uses a $19.12 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed ARIS 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 ARIS shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 100 shares | Stock | $18.21 | long |
| Sell 1 | Call | $19.12 | N/A |
| Buy 1 | Put | $17.30 | N/A |
ARIS 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.
ARIS collar payoff curve
Modeled P&L at expiration across a range of underlying prices for the collar on ARIS. 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 ARIS
Collars on ARIS hedge an existing long ARIS 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.
ARIS thesis for this collar
The market-implied 1-standard-deviation range for ARIS extends from approximately $15.33 on the downside to $21.09 on the upside. A ARIS collar hedges an existing long ARIS 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 ARIS IV rank near 33.38% is mid-range against its 1-year distribution, so the IV signal is neutral; the collar thesis on ARIS should anchor more to the directional view and the expected-move geometry. As a Basic Materials name, ARIS options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to ARIS-specific events.
ARIS 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. ARIS positions also carry Basic Materials sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move ARIS alongside the broader basket even when ARIS-specific fundamentals are unchanged. Always rebuild the position from current ARIS chain quotes before placing a trade.
Frequently asked questions
- What is a collar on ARIS?
- A collar on ARIS is the collar strategy applied to ARIS (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 ARIS stock trading near $18.21, the strikes shown on this page are snapped to the nearest listed ARIS chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are ARIS 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 ARIS collar priced from the end-of-day chain at a 30-day expiry (ATM IV 55.10%), 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 ARIS collar?
- The breakeven for the ARIS 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 ARIS market-implied 1-standard-deviation expected move is approximately 15.80%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
- When should you consider a collar on ARIS?
- Collars on ARIS hedge an existing long ARIS 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 ARIS implied volatility affect this collar?
- ARIS ATM IV is at 55.10% with IV rank near 33.38%, 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.