GENI Collar Strategy
GENI (Genius Sports Limited), in the Communication Services sector, (Internet Content & Information industry), listed on NYSE.
Genius Sports Limited, based in London, United Kingdom, delivers advanced technology solutions and specialized services to stakeholders across the sports, sports betting, and sports media sectors. The company provides crucial technological infrastructure for the comprehensive management of live sports data, including its collection, seamless integration, and broad distribution. It also equips sports organizations with streaming capabilities, offering the necessary technology, automated production, and distribution pathways to monetize their game footage. A key offering is its extensive integrity services designed for sports leagues, which involve continuous, active monitoring technology employing sophisticated mathematical algorithms to detect and flag suspicious wagering patterns in global betting markets. These services are further supported by a complete suite of online and in-person educational and advisory programs. Beyond these core services, Genius Sports facilitates the acquisition of live sports data and supplies both pre-game and in-game odds feeds.
GENI (Genius Sports Limited) trades in the Communication Services sector, specifically Internet Content & Information, with a market capitalization of approximately $1.60B, a beta of 1.92 versus the broader market, a 52-week range of 3.825-13.73, average daily share volume of 6.1M, a public-listing history dating back to 2020, approximately 2K full-time employees. These structural characteristics shape how GENI stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.92 indicates GENI has historically moved more than the broader market, amplifying both the directional payoff and the realized volatility relative to an index-equivalent position.
What is a collar on GENI?
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 GENI snapshot
As of June 30, 2026, spot at $6.06, ATM IV 82.80%, IV rank 32.89%, expected move 23.74%. The collar on GENI 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 17-day expiry.
Why this collar structure on GENI specifically: IV regime affects collar pricing on both sides; mid-range GENI IV at 82.80% typically pushes the short call premium to roughly offset the long put cost, with a market-implied 1-standard-deviation move of approximately 23.74% (roughly $1.44 on the underlying). The 17-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated GENI expiries trade a higher absolute premium for lower per-day decay. Position sizing on GENI should anchor to the underlying notional of $6.06 per share and to the trader's directional view on GENI stock.
GENI collar setup
The GENI 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 GENI near $6.06, the first option leg uses a $6.36 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed GENI chain at a 17-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 GENI shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 100 shares | Stock | $6.06 | long |
| Sell 1 | Call | $6.36 | N/A |
| Buy 1 | Put | $5.76 | N/A |
GENI 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.
GENI collar payoff curve
Modeled P&L at expiration across a range of underlying prices for the collar on GENI. 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 GENI
Collars on GENI hedge an existing long GENI 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.
GENI thesis for this collar
The market-implied 1-standard-deviation range for GENI extends from approximately $4.62 on the downside to $7.50 on the upside. A GENI collar hedges an existing long GENI 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 GENI IV rank near 32.89% is mid-range against its 1-year distribution, so the IV signal is neutral; the collar thesis on GENI should anchor more to the directional view and the expected-move geometry. As a Communication Services name, GENI options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to GENI-specific events.
GENI 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. GENI positions also carry Communication Services sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move GENI alongside the broader basket even when GENI-specific fundamentals are unchanged. Always rebuild the position from current GENI chain quotes before placing a trade.
Frequently asked questions
- What is a collar on GENI?
- A collar on GENI is the collar strategy applied to GENI (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 GENI stock trading near $6.06, the strikes shown on this page are snapped to the nearest listed GENI chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are GENI 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 GENI collar priced from the end-of-day chain at a 30-day expiry (ATM IV 82.80%), 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 GENI collar?
- The breakeven for the GENI 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 GENI market-implied 1-standard-deviation expected move is approximately 23.74%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
- When should you consider a collar on GENI?
- Collars on GENI hedge an existing long GENI 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 GENI implied volatility affect this collar?
- GENI ATM IV is at 82.80% with IV rank near 32.89%, 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.