How are DNTH 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 DNTH collar priced from the November 13, 2026 end-of-day chain at a 30-day expiry (ATM IV 88.80%), the computed maximum profit is $445.00 per contract and the computed maximum loss is -$555.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a DNTH collar?

The breakeven for the DNTH collar priced on this page is roughly $90.55 at expiration, derived from the November 13, 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 DNTH market-implied 1-standard-deviation expected move in the same options snapshot is approximately 25.46%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current DNTH implied volatility affect this collar?

DNTH ATM IV is at 88.80% with IV rank near 47.38%, 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.

DNTH Collar Strategy

DNTH (Dianthus Therapeutics, Inc.), in the Healthcare sector, (Biotechnology industry), listed on NASDAQ.

Dianthus Therapeutics, Inc., a clinical-stage biotechnology company, engages in the development of therapies for patients with severe autoimmune diseases. Its lead clinical-stage candidate, claseprubart, a monoclonal antibody engineered with extended half-life, improved potency, and high selectivity for only the active C1s complement protein; and DNTH212, a bifunctional fusion protein that targets plasmacytoid dendritic cell (pDC) BDCA2 to reduce Type 1 interferon production, while simultaneously inhibiting BAFF/APRIL to suppress B cell function. Dianthus Therapeutics, Inc. was founded in 2019 and is headquartered in New York, New York.

DNTH (Dianthus Therapeutics, Inc.) trades in the Healthcare sector, specifically Biotechnology, with a market capitalization of approximately $5.17B, a beta of 0.08 versus the broader market, a 52-week range of 34.29-117.88, average daily share volume of 858K, a public-listing history dating back to 2018, approximately 92 full-time employees. These structural characteristics shape how DNTH stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 0.08 indicates DNTH has historically moved less than the broader market, dampening realized volatility and producing tighter expected-move bands per unit of dollar exposure.

What is a collar on DNTH?

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.

DNTH snapshot

As of November 13, 2026, spot at $91.60, ATM IV 88.80%, IV rank 47.38%, expected move 25.46%. The collar on DNTH below is built from the November 13, 2026 end-of-day chain, with strikes snapped to listed contracts and premiums pulled from the bid/ask midpoint at a 7-day expiry.

Why this collar structure on DNTH specifically: IV regime affects collar pricing on both sides; mid-range DNTH IV at 88.80% typically pushes the short call premium to roughly offset the long put cost, with a market-implied 1-standard-deviation move of approximately 25.46% (roughly $23.32 on the underlying). The 7-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated DNTH expiries trade a higher absolute premium for lower per-day decay. Position sizing on DNTH should anchor to the underlying notional of $91.60 per share and to the trader's directional view on DNTH stock.

DNTH collar setup

The DNTH collar below is built from the November 13, 2026 end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With DNTH at $91.60 on that close, the first option leg uses a $95.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed DNTH chain at a 7-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 DNTH shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Buy 100 shares	Stock	$91.60	long
Sell 1	Call	$95.00	$2.19
Buy 1	Put	$85.00	$1.14

DNTH collar risk and reward

Net Premium / Debit: -$9,055.00
Max Profit (per contract): $445.00
Max Loss (per contract): -$555.00
Breakeven(s): $90.55
Risk / Reward Ratio: 0.802

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.

DNTH collar payoff curve

Modeled P&L at expiration across a range of underlying prices for the collar on DNTH. 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%	-$555.00
$20.26	-77.9%	-$555.00
$40.51	-55.8%	-$555.00
$60.77	-33.7%	-$555.00
$81.02	-11.6%	-$555.00
$101.27	+10.6%	+$445.00
$121.52	+32.7%	+$445.00
$141.78	+54.8%	+$445.00
$162.03	+76.9%	+$445.00
$182.28	+99.0%	+$445.00

When traders use collar on DNTH

Collars on DNTH hedge an existing long DNTH 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.

DNTH thesis for this collar

The market-implied 1-standard-deviation range for DNTH extends from approximately $68.28 on the downside to $114.92 on the upside. A DNTH collar hedges an existing long DNTH 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 DNTH IV rank near 47.38% is mid-range against its 1-year distribution, so the IV signal is neutral; the collar thesis on DNTH should anchor more to the directional view and the expected-move geometry. As a Healthcare name, DNTH options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to DNTH-specific events.

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

Frequently asked questions

What is a collar on DNTH?: A collar on DNTH is the collar strategy applied to DNTH (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 DNTH stock at $91.60 on the November 13, 2026 close, the strikes shown on this page are snapped to the nearest listed DNTH chain strike and the premiums come straight from that session's bid/ask midpoint.
How are DNTH 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 DNTH collar priced from the November 13, 2026 end-of-day chain at a 30-day expiry (ATM IV 88.80%), the computed maximum profit is $445.00 per contract and the computed maximum loss is -$555.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a DNTH collar?: The breakeven for the DNTH collar priced on this page is roughly $90.55 at expiration, derived from the November 13, 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 DNTH market-implied 1-standard-deviation expected move in the same options snapshot is approximately 25.46%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
When should you consider a collar on DNTH?: Collars on DNTH hedge an existing long DNTH 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 DNTH implied volatility affect this collar?: DNTH ATM IV is at 88.80% with IV rank near 47.38%, 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.