How are CSGP 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 CSGP collar priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 50.00%), the computed maximum profit is $280.50 per contract and the computed maximum loss is -$219.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a CSGP collar?

The breakeven for the CSGP collar priced on this page is roughly $32.20 at expiration, derived from the August 14, 2026 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 CSGP market-implied 1-standard-deviation expected move in the same options snapshot is approximately 14.33%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current CSGP implied volatility affect this collar?

CSGP ATM IV is at 50.00% with IV rank near 22.54%, 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.

CSGP Collar Strategy

CSGP (CoStar Group, Inc.), in the Real Estate sector, (Real Estate - Services industry), listed on NASDAQ.

CoStar Group, Inc. (CSGP) stands as a premier global provider of comprehensive information, sophisticated analytics, and dynamic online marketplace services. The company caters to professionals within the commercial real estate, hospitality, residential, and related industries, extending its reach across the United States, Canada, Europe, the Asia Pacific region, and Latin America. Its diverse suite of offerings encompasses powerful data platforms like CoStar Property, which meticulously catalogues an extensive inventory of various property types, including office, industrial, retail, multifamily, hospitality, student housing, and undeveloped land. Other key analytical tools comprise CoStar COMPS, a robust repository of comparable commercial real estate sales transactions; CoStar Market Analytics, designed for examining aggregated market and submarket trends; and CoStar Tenant, an online business-to-business prospecting and analytical resource providing detailed tenant information. Additionally, CoStar offers solutions for lease management, including Lease Comps and Analysis and CoStar Lease Analysis, alongside Public Record, a searchable database of commercially-zoned land parcels. Its software solutions feature CoStar Real Estate Manager, designed for comprehensive lease administration, portfolio oversight, and lease accounting compliance, as well as specialized CoStar Risk Analytics and CoStar Investment tools.

CSGP (CoStar Group, Inc.) trades in the Real Estate sector, specifically Real Estate - Services, with a market capitalization of approximately $13.12B, a trailing P/E of 176.58, a beta of 0.73 versus the broader market, a 52-week range of 25.89-91.89, average daily share volume of 7.5M, a public-listing history dating back to 1998, approximately 8K full-time employees. These structural characteristics shape how CSGP stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 0.73 places CSGP roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. The trailing P/E of 176.58 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 CSGP?

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.

CSGP snapshot

As of August 14, 2026, spot at $32.42, ATM IV 50.00%, IV rank 22.54%, expected move 14.33%. The collar on CSGP below is built from the August 14, 2026 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 CSGP specifically: IV regime affects collar pricing on both sides; compressed CSGP IV at 50.00% typically pushes the short call premium to roughly offset the long put cost, with a market-implied 1-standard-deviation move of approximately 14.33% (roughly $4.65 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 CSGP expiries trade a higher absolute premium for lower per-day decay. Position sizing on CSGP should anchor to the underlying notional of $32.42 per share and to the trader's directional view on CSGP stock.

CSGP collar setup

The CSGP collar below is built from the August 14, 2026 end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With CSGP at $32.42 on that close, the first option leg uses a $35.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed CSGP 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 CSGP shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Buy 100 shares	Stock	$32.42	long
Sell 1	Call	$35.00	$1.10
Buy 1	Put	$30.00	$0.88

CSGP collar risk and reward

Net Premium / Debit: -$3,219.50
Max Profit (per contract): $280.50
Max Loss (per contract): -$219.50
Breakeven(s): $32.20
Risk / Reward Ratio: 1.278

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.

CSGP collar payoff curve

Modeled P&L at expiration across a range of underlying prices for the collar on CSGP. 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.

P&L at expiration across the modeled underlying-price range. Green shading marks profitable regions, red shading marks loss regions. Dotted purple verticals mark breakevens; the solid dark vertical marks current spot.

Underlying Price	% From Spot	P&L at Expiration
$0.01	-100.0%	-$219.50
$7.18	-77.9%	-$219.50
$14.34	-55.8%	-$219.50
$21.51	-33.6%	-$219.50
$28.68	-11.5%	-$219.50
$35.85	+10.6%	+$280.50
$43.01	+32.7%	+$280.50
$50.18	+54.8%	+$280.50
$57.35	+76.9%	+$280.50
$64.51	+99.0%	+$280.50

When traders use collar on CSGP

Collars on CSGP hedge an existing long CSGP 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.

CSGP thesis for this collar

The market-implied 1-standard-deviation range for CSGP extends from approximately $27.77 on the downside to $37.07 on the upside. A CSGP collar hedges an existing long CSGP 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 CSGP IV rank near 22.54% 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 CSGP at 50.00%. As a Real Estate name, CSGP options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to CSGP-specific events.

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

Frequently asked questions

What is a collar on CSGP?: A collar on CSGP is the collar strategy applied to CSGP (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 CSGP stock at $32.42 on the August 14, 2026 close, the strikes shown on this page are snapped to the nearest listed CSGP chain strike and the premiums come straight from that session's bid/ask midpoint.
How are CSGP 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 CSGP collar priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 50.00%), the computed maximum profit is $280.50 per contract and the computed maximum loss is -$219.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a CSGP collar?: The breakeven for the CSGP collar priced on this page is roughly $32.20 at expiration, derived from the August 14, 2026 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 CSGP market-implied 1-standard-deviation expected move in the same options snapshot is approximately 14.33%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
When should you consider a collar on CSGP?: Collars on CSGP hedge an existing long CSGP 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 CSGP implied volatility affect this collar?: CSGP ATM IV is at 50.00% with IV rank near 22.54%, 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.