How are INGR 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 INGR collar priced from the end-of-day chain at a 30-day expiry (ATM IV 8.10%), the computed maximum profit is $624.50 per contract and the computed maximum loss is -$375.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a INGR collar?

The breakeven for the INGR collar priced on this page is roughly $103.76 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 INGR market-implied 1-standard-deviation expected move is approximately 2.32%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current INGR implied volatility affect this collar?

INGR ATM IV is at 8.10% with IV rank near 0.00%, 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.

INGR Collar Strategy

INGR (Ingredion Incorporated), in the Consumer Defensive sector, (Packaged Foods industry), listed on NYSE.

Ingredion Incorporated, together with its subsidiaries, produces and sells starches and sweeteners for various industries. It operates through four segments: North America; South America; Asia-Pacific; and Europe, Middle East and Africa. The company offers sweetener products comprising glucose syrups, high maltose syrups, high fructose corn syrups, caramel colors, dextrose, polyols, maltodextrins, and glucose syrup solids, as well as food-grade and industrial starches, biomaterials, and nutrition ingredients. It also provides edible corn oil; refined corn oil to packers of cooking oil and to producers of margarine, salad dressings, shortening, mayonnaise, and other foods; and corn gluten feed used as protein feed for chickens, pet food, and aquaculture, as well as fruit and vegetable products, such as concentrates, purees and essences, pulse proteins, and hydrocolloids systems and blends. The company's products are derived primarily from processing corn and other starch-based materials, such as tapioca, potato, and rice. It serves food, beverage, brewing, and animal nutrition industries.

INGR (Ingredion Incorporated) trades in the Consumer Defensive sector, specifically Packaged Foods, with a market capitalization of approximately $6.68B, a trailing P/E of 10.00, a beta of 0.63 versus the broader market, a 52-week range of 100.71-141.78, average daily share volume of 662K, a public-listing history dating back to 1997, approximately 11K full-time employees. These structural characteristics shape how INGR stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 0.63 indicates INGR has historically moved less than the broader market, dampening realized volatility and producing tighter expected-move bands per unit of dollar exposure. The trailing P/E of 10.00 is on the value side, where IV often compresses outside event windows because forward growth expectations are already discounted into the share price. INGR pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.

What is a collar on INGR?

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 INGR snapshot

As of May 15, 2026, spot at $103.13, ATM IV 8.10%, IV rank 0.00%, expected move 2.32%. The collar on INGR 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 34-day expiry.

Why this collar structure on INGR specifically: IV regime affects collar pricing on both sides; compressed INGR IV at 8.10% typically pushes the short call premium to roughly offset the long put cost, with a market-implied 1-standard-deviation move of approximately 2.32% (roughly $2.39 on the underlying). The 34-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated INGR expiries trade a higher absolute premium for lower per-day decay. Position sizing on INGR should anchor to the underlying notional of $103.13 per share and to the trader's directional view on INGR stock.

INGR collar setup

The INGR 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 INGR near $103.13, the first option leg uses a $110.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed INGR chain at a 34-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 INGR shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Buy 100 shares	Stock	$103.13	long
Sell 1	Call	$110.00	$0.40
Buy 1	Put	$100.00	$1.03

INGR collar risk and reward

Net Premium / Debit: -$10,375.50
Max Profit (per contract): $624.50
Max Loss (per contract): -$375.50
Breakeven(s): $103.76
Risk / Reward Ratio: 1.663

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.

INGR collar payoff curve

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

Underlying Price	% From Spot	P&L at Expiration
$0.01	-100.0%	-$375.50
$22.81	-77.9%	-$375.50
$45.61	-55.8%	-$375.50
$68.41	-33.7%	-$375.50
$91.22	-11.6%	-$375.50
$114.02	+10.6%	+$624.50
$136.82	+32.7%	+$624.50
$159.62	+54.8%	+$624.50
$182.42	+76.9%	+$624.50
$205.22	+99.0%	+$624.50

When traders use collar on INGR

Collars on INGR hedge an existing long INGR 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.

INGR thesis for this collar

The market-implied 1-standard-deviation range for INGR extends from approximately $100.74 on the downside to $105.52 on the upside. A INGR collar hedges an existing long INGR 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 INGR IV rank near 0.00% 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 INGR at 8.10%. As a Consumer Defensive name, INGR options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to INGR-specific events.

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

Frequently asked questions

What is a collar on INGR?: A collar on INGR is the collar strategy applied to INGR (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 INGR stock trading near $103.13, the strikes shown on this page are snapped to the nearest listed INGR chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
How are INGR 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 INGR collar priced from the end-of-day chain at a 30-day expiry (ATM IV 8.10%), the computed maximum profit is $624.50 per contract and the computed maximum loss is -$375.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a INGR collar?: The breakeven for the INGR collar priced on this page is roughly $103.76 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 INGR market-implied 1-standard-deviation expected move is approximately 2.32%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
When should you consider a collar on INGR?: Collars on INGR hedge an existing long INGR 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 INGR implied volatility affect this collar?: INGR ATM IV is at 8.10% with IV rank near 0.00%, 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.