INGM Collar Strategy
INGM (Ingram Micro Holding Corporation), in the Technology sector, (Information Technology Services industry), listed on NYSE.
Ingram Micro Holding Corporation, operating globally through its various subsidiaries, delivers a broad spectrum of technology services and solutions. Its client base spans vendors, resellers, and retailers across regions such as North America, Europe, the Middle East, Africa, Asia-Pacific, and Latin America. The company offers a comprehensive Ingram Micro Cloud Marketplace portfolio, featuring a wide array of third-party cloud-based services and subscription products accessible via its Ingram Micro Xvantage platform. Beyond these, it also furnishes crucial support services like training, IT asset disposition (ITAD), reverse logistics, repair, and various financial solutions. For both corporate and individual consumers, Ingram Micro supplies a range of client and endpoint technologies. These encompass devices such as desktop PCs, laptops, and tablets, alongside printers, various application software, and a selection of peripherals and accessories.
INGM (Ingram Micro Holding Corporation) trades in the Technology sector, specifically Information Technology Services, with a market capitalization of approximately $6.38B, a trailing P/E of 17.98, a beta of 1.79 versus the broader market, a 52-week range of 18.09-31.69, average daily share volume of 1.6M, a public-listing history dating back to 2024, approximately 24K full-time employees. These structural characteristics shape how INGM stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.79 indicates INGM has historically moved more than the broader market, amplifying both the directional payoff and the realized volatility relative to an index-equivalent position. INGM pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.
What is a collar on INGM?
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 INGM snapshot
As of June 30, 2026, spot at $27.30, ATM IV 72.50%, IV rank 21.93%, expected move 20.79%. The collar on INGM 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 INGM specifically: IV regime affects collar pricing on both sides; compressed INGM IV at 72.50% typically pushes the short call premium to roughly offset the long put cost, with a market-implied 1-standard-deviation move of approximately 20.79% (roughly $5.67 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 INGM expiries trade a higher absolute premium for lower per-day decay. Position sizing on INGM should anchor to the underlying notional of $27.30 per share and to the trader's directional view on INGM stock.
INGM collar setup
The INGM 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 INGM near $27.30, the first option leg uses a $28.67 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed INGM 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 INGM shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 100 shares | Stock | $27.30 | long |
| Sell 1 | Call | $28.67 | N/A |
| Buy 1 | Put | $25.94 | N/A |
INGM 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.
INGM collar payoff curve
Modeled P&L at expiration across a range of underlying prices for the collar on INGM. 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 INGM
Collars on INGM hedge an existing long INGM 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.
INGM thesis for this collar
The market-implied 1-standard-deviation range for INGM extends from approximately $21.63 on the downside to $32.97 on the upside. A INGM collar hedges an existing long INGM 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 INGM IV rank near 21.93% 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 INGM at 72.50%. As a Technology name, INGM options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to INGM-specific events.
INGM 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. INGM positions also carry Technology sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move INGM alongside the broader basket even when INGM-specific fundamentals are unchanged. Always rebuild the position from current INGM chain quotes before placing a trade.
Frequently asked questions
- What is a collar on INGM?
- A collar on INGM is the collar strategy applied to INGM (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 INGM stock trading near $27.30, the strikes shown on this page are snapped to the nearest listed INGM chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are INGM 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 INGM collar priced from the end-of-day chain at a 30-day expiry (ATM IV 72.50%), 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 INGM collar?
- The breakeven for the INGM 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 INGM market-implied 1-standard-deviation expected move is approximately 20.79%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
- When should you consider a collar on INGM?
- Collars on INGM hedge an existing long INGM 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 INGM implied volatility affect this collar?
- INGM ATM IV is at 72.50% with IV rank near 21.93%, 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.