How are AVPT 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 AVPT collar priced from the end-of-day chain at a 30-day expiry (ATM IV 46.50%), the computed maximum profit is $36.50 per contract and the computed maximum loss is -$63.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a AVPT collar?

The breakeven for the AVPT collar priced on this page is roughly $9.64 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 AVPT market-implied 1-standard-deviation expected move is approximately 13.33%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current AVPT implied volatility affect this collar?

AVPT ATM IV is at 46.50% with IV rank near 4.21%, 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.

AVPT Collar Strategy

AVPT (AvePoint, Inc.), in the Technology sector, (Software - Infrastructure industry), listed on NASDAQ.

AvePoint, Inc. provides Microsoft 365 data management solutions worldwide. It offers SaaS platform cloud-hosted collaboration systems by providing suite of software products. The company focuses on data protection, governance, compliance management extensions for Microsoft 365, Dynamics 365, Salesforce, and Google Workspace. In addition, the company offers software solutions for Microsoft 365, including microsoft teams, sharepoint online, exchange online, onedrive, project online, planner, yammer and other public folders. The company was incorporated in 2001 and is headquartered in Jersey City, New Jersey.

AVPT (AvePoint, Inc.) trades in the Technology sector, specifically Software - Infrastructure, with a market capitalization of approximately $2.03B, a trailing P/E of 43.88, a beta of 1.16 versus the broader market, a 52-week range of 8.835-19.95, average daily share volume of 1.9M, a public-listing history dating back to 2019, approximately 3K full-time employees. These structural characteristics shape how AVPT stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 1.16 places AVPT roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. The trailing P/E of 43.88 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.

What is a collar on AVPT?

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 AVPT snapshot

As of May 15, 2026, spot at $9.96, ATM IV 46.50%, IV rank 4.21%, expected move 13.33%. The collar on AVPT 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 217-day expiry.

Why this collar structure on AVPT specifically: IV regime affects collar pricing on both sides; compressed AVPT IV at 46.50% typically pushes the short call premium to roughly offset the long put cost, with a market-implied 1-standard-deviation move of approximately 13.33% (roughly $1.33 on the underlying). The 217-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated AVPT expiries trade a higher absolute premium for lower per-day decay. Position sizing on AVPT should anchor to the underlying notional of $9.96 per share and to the trader's directional view on AVPT stock.

AVPT collar setup

The AVPT 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 AVPT near $9.96, the first option leg uses a $10.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed AVPT chain at a 217-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 AVPT shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Buy 100 shares	Stock	$9.96	long
Sell 1	Call	$10.00	$1.43
Buy 1	Put	$9.00	$1.10

AVPT collar risk and reward

Net Premium / Debit: -$963.50
Max Profit (per contract): $36.50
Max Loss (per contract): -$63.50
Breakeven(s): $9.64
Risk / Reward Ratio: 0.575

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.

AVPT collar payoff curve

Modeled P&L at expiration across a range of underlying prices for the collar on AVPT. 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	-99.9%	-$63.50
$2.21	-77.8%	-$63.50
$4.41	-55.7%	-$63.50
$6.61	-33.6%	-$63.50
$8.81	-11.5%	-$63.50
$11.02	+10.6%	+$36.50
$13.22	+32.7%	+$36.50
$15.42	+54.8%	+$36.50
$17.62	+76.9%	+$36.50
$19.82	+99.0%	+$36.50

When traders use collar on AVPT

Collars on AVPT hedge an existing long AVPT 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.

AVPT thesis for this collar

The market-implied 1-standard-deviation range for AVPT extends from approximately $8.63 on the downside to $11.29 on the upside. A AVPT collar hedges an existing long AVPT 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 AVPT IV rank near 4.21% 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 AVPT at 46.50%. As a Technology name, AVPT options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to AVPT-specific events.

AVPT 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. AVPT positions also carry Technology sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move AVPT alongside the broader basket even when AVPT-specific fundamentals are unchanged. Always rebuild the position from current AVPT chain quotes before placing a trade.

Frequently asked questions

What is a collar on AVPT?: A collar on AVPT is the collar strategy applied to AVPT (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 AVPT stock trading near $9.96, the strikes shown on this page are snapped to the nearest listed AVPT chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
How are AVPT 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 AVPT collar priced from the end-of-day chain at a 30-day expiry (ATM IV 46.50%), the computed maximum profit is $36.50 per contract and the computed maximum loss is -$63.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a AVPT collar?: The breakeven for the AVPT collar priced on this page is roughly $9.64 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 AVPT market-implied 1-standard-deviation expected move is approximately 13.33%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
When should you consider a collar on AVPT?: Collars on AVPT hedge an existing long AVPT 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 AVPT implied volatility affect this collar?: AVPT ATM IV is at 46.50% with IV rank near 4.21%, 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.