INTR Collar Strategy
INTR (Inter & Co, Inc.), in the Financial Services sector, (Banks - Regional industry), listed on NASDAQ.
Inter & Co, Inc., a Brazilian enterprise established in 1994 and headquartered in Belo Horizonte, conducts a broad array of operations through its subsidiary companies. Its diverse business model encompasses banking, investment services, insurance intermediation, e-commerce, asset administration, and various support services. The company's Banking division delivers a full suite of financial products, including current accounts, payment cards, deposit options, credit and lending facilities, alongside other related financial solutions. Within its Securities segment, Inter & Co handles the acquisition, divestment, and safekeeping of financial instruments. It also provides portfolio management services and is responsible for establishing, organizing, and managing investment funds. The Insurance Brokerage arm offers an extensive selection of insurance policies, covering areas such as life, property, automobiles, financial protection, lost or stolen credit cards, dental care, warranties, travel, and credit protection.
INTR (Inter & Co, Inc.) trades in the Financial Services sector, specifically Banks - Regional, with a market capitalization of approximately $2.40B, a trailing P/E of 8.74, a beta of 0.92 versus the broader market, a 52-week range of 5.16-10.36, average daily share volume of 5.7M, a public-listing history dating back to 2022, approximately 4K full-time employees. These structural characteristics shape how INTR stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 0.92 places INTR roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. The trailing P/E of 8.74 is on the value side, where IV often compresses outside event windows because forward growth expectations are already discounted into the share price. INTR pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.
What is a collar on INTR?
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 INTR snapshot
As of June 29, 2026, spot at $5.37, ATM IV 262.10%, IV rank 63.56%, expected move 75.14%. The collar on INTR 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 18-day expiry.
Why this collar structure on INTR specifically: IV regime affects collar pricing on both sides; mid-range INTR IV at 262.10% typically pushes the short call premium to roughly offset the long put cost, with a market-implied 1-standard-deviation move of approximately 75.14% (roughly $4.04 on the underlying). The 18-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated INTR expiries trade a higher absolute premium for lower per-day decay. Position sizing on INTR should anchor to the underlying notional of $5.37 per share and to the trader's directional view on INTR stock.
INTR collar setup
The INTR 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 INTR near $5.37, the first option leg uses a $5.64 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed INTR chain at a 18-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 INTR shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 100 shares | Stock | $5.37 | long |
| Sell 1 | Call | $5.64 | N/A |
| Buy 1 | Put | $5.10 | N/A |
INTR 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.
INTR collar payoff curve
Modeled P&L at expiration across a range of underlying prices for the collar on INTR. 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 INTR
Collars on INTR hedge an existing long INTR 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.
INTR thesis for this collar
The market-implied 1-standard-deviation range for INTR extends from approximately $1.33 on the downside to $9.41 on the upside. A INTR collar hedges an existing long INTR 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 INTR IV rank near 63.56% is mid-range against its 1-year distribution, so the IV signal is neutral; the collar thesis on INTR should anchor more to the directional view and the expected-move geometry. As a Financial Services name, INTR options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to INTR-specific events.
INTR 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. INTR positions also carry Financial Services sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move INTR alongside the broader basket even when INTR-specific fundamentals are unchanged. Always rebuild the position from current INTR chain quotes before placing a trade.
Frequently asked questions
- What is a collar on INTR?
- A collar on INTR is the collar strategy applied to INTR (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 INTR stock trading near $5.37, the strikes shown on this page are snapped to the nearest listed INTR chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are INTR 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 INTR collar priced from the end-of-day chain at a 30-day expiry (ATM IV 262.10%), 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 INTR collar?
- The breakeven for the INTR 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 INTR market-implied 1-standard-deviation expected move is approximately 75.14%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
- When should you consider a collar on INTR?
- Collars on INTR hedge an existing long INTR 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 INTR implied volatility affect this collar?
- INTR ATM IV is at 262.10% with IV rank near 63.56%, 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.