HAYW Collar Strategy
HAYW (Hayward Holdings, Inc.), in the Industrials sector, (Electrical Equipment & Parts industry), listed on NYSE.
Hayward Holdings, Inc., established in 1925 and headquartered in Charlotte, North Carolina, specializes in the development, manufacturing, and global marketing of a diverse range of swimming pool equipment and integrated automation systems. Its extensive product line caters to both residential and commercial clients, featuring essential components such as circulation pumps, advanced filtration systems, heating units, robotic pool cleaners, energy-efficient LED lighting, smart Internet of Things (IoT) controls, alternative water treatment solutions, and decorative water features. The company distributes its offerings through a varied network that includes specialty distributors, retail partners, and group purchasing organizations, serving markets across North America, Europe, and other international territories.
HAYW (Hayward Holdings, Inc.) trades in the Industrials sector, specifically Electrical Equipment & Parts, with a market capitalization of approximately $3.25B, a trailing P/E of 20.51, a beta of 1.09 versus the broader market, a 52-week range of 12.93-17.73, average daily share volume of 2.8M, a public-listing history dating back to 2021, approximately 2K full-time employees. These structural characteristics shape how HAYW stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.09 places HAYW roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline.
What is a collar on HAYW?
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.
HAYW snapshot
As of August 14, 2026, spot at $15.11, ATM IV 59.70%, IV rank 9.97%, expected move 17.12%. The collar on HAYW below is built from the 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 HAYW specifically: IV regime affects collar pricing on both sides; compressed HAYW IV at 59.70% typically pushes the short call premium to roughly offset the long put cost, with a market-implied 1-standard-deviation move of approximately 17.12% (roughly $2.59 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 HAYW expiries trade a higher absolute premium for lower per-day decay. Position sizing on HAYW should anchor to the underlying notional of $15.11 per share and to the trader's directional view on HAYW stock.
HAYW collar setup
The HAYW 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 HAYW at $15.11 on that close, the first option leg uses a $15.87 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed HAYW 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 HAYW shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 100 shares | Stock | $15.11 | long |
| Sell 1 | Call | $15.87 | N/A |
| Buy 1 | Put | $14.35 | N/A |
HAYW 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.
HAYW collar payoff curve
Modeled P&L at expiration across a range of underlying prices for the collar on HAYW. 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 HAYW
Collars on HAYW hedge an existing long HAYW 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.
HAYW thesis for this collar
The market-implied 1-standard-deviation range for HAYW extends from approximately $12.52 on the downside to $17.70 on the upside. A HAYW collar hedges an existing long HAYW 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 HAYW IV rank near 9.97% 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 HAYW at 59.70%. As a Industrials name, HAYW options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to HAYW-specific events.
HAYW 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. HAYW positions also carry Industrials sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move HAYW alongside the broader basket even when HAYW-specific fundamentals are unchanged. Always rebuild the position from current HAYW chain quotes before placing a trade.
Frequently asked questions
- What is a collar on HAYW?
- A collar on HAYW is the collar strategy applied to HAYW (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 HAYW stock at $15.11 on the most recent close, the strikes shown on this page are snapped to the nearest listed HAYW chain strike and the premiums come straight from that session's bid/ask midpoint.
- How are HAYW 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 HAYW collar priced from the end-of-day chain at a 30-day expiry (ATM IV 59.70%), 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 HAYW collar?
- The breakeven for the HAYW collar priced on this page is no defined breakeven on the modeled curve at expiration, derived from the 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 HAYW market-implied 1-standard-deviation expected move in the same options snapshot is approximately 17.12%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
- When should you consider a collar on HAYW?
- Collars on HAYW hedge an existing long HAYW 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 HAYW implied volatility affect this collar?
- HAYW ATM IV is at 59.70% with IV rank near 9.97%, 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.